ARRAY TECHNOLOGIES INC (ARRY) Stock Technical Analysis
USA - NASDAQ:ARRY - US04271T1007 - Common Stock
Taking everything into account, ARRY scores 4 out of 10 in our technical rating. In the last year, ARRY was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
ARRY has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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6.39
4 important support areas can be observed.
- A support zone ranging from 8.52 to 8.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.67 to 7.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @6.59 from a trend line in the daily time frame.
- Support @6.45 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.07 to 9.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ARRY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARRY is neutral. |
| ChartMill Relative Strength | 92.79 | POSITIVE | ARRY has a high relative strength, it outperformed 92.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARRY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARRY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARRY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.25 | NEUTRAL | The RSI value for ARRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ARRY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.22 | NEUTRAL | The Stochastics value for ARRY is a neutral value. |
| Average True Range in percent/ATR (20) | 8.35 | HIGH VOLATILITY | The high ATR as a percentage value for ARRY suggests high volalility. |
| Average Directional Index/ADX (14) | 15.18 | NEGATIVE | The low ADX value for ARRY suggests a weak or negative trend. |
8.54
+0.17 (+2.03%)
ARRAY TECHNOLOGIES INC / ARRY FAQ
What is the ChartMill technical rating of ARRAY TECHNOLOGIES INC (ARRY) stock?
ChartMill assigns a technical rating of 4 / 10 to ARRY.
Can you provide the trend direction for ARRAY TECHNOLOGIES INC?
The current trend direction for ARRAY TECHNOLOGIES INC (ARRY) is Bearish.
Can you provide the RSI signal for ARRAY TECHNOLOGIES INC?
ARRAY TECHNOLOGIES INC (ARRY) has an RSI value of 49.2482. This indicates that the stock is currently neutral.
What is the short term momentum for ARRAY TECHNOLOGIES INC (ARRY) stock?
The short term momentum for ARRAY TECHNOLOGIES INC (ARRY) is neutral.
Can you provide the support and resistance levels for ARRAY TECHNOLOGIES INC?
ARRAY TECHNOLOGIES INC (ARRY) has a support level at 8.53 and a resistance level at 9.07. Check the full technical report for our detailed analysis of ARRY support and resistance levels.