ARRAY TECHNOLOGIES INC (ARRY) Stock Technical Analysis
NASDAQ:ARRY - US04271T1007 - Common Stock
9.01 USD
-0.1 (-1.1%)
9.05 USD
+0.04 (+0.44%)
Taking everything into account, ARRY scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ARRY has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
ARRY is one of the better performing stocks in the Electrical Equipment industry, it outperforms 70% of 92 stocks in the same industry.
ARRY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ARRY is lagging the market slightly.
In the last month ARRY has a been trading in the 5.39 - 9.99 range, which is quite wide. It is currently trading near the high of this range.
ARRY has an average volume of 9183720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ARRY is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although ARRY has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
5.66
9.17
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.97 to 9.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.72 to 5.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @9.08 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for ARRY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARRY is up. |
| ChartMill Relative Strength | 88 | POSITIVE | ARRY has a high relative strength, it outperformed 88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARRY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARRY is above the rising 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) | 64.42 | NEUTRAL | The RSI value for ARRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests ARRY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.47 | NEUTRAL | The Stochastics value for ARRY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.63 | HIGH VOLATILITY | The high ATR as a percentage value for ARRY suggests high volalility. |
| Average Directional Index/ADX (14) | 34.96 | POSITIVE | The high ADX value value for ARRY suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.01
-0.1 (-1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-1.1%
1 Week-0.66%
2 Weeks18.24%
1 Month48.68%
3 Month36.52%
6 Month70.64%
12 Month34.28%
2 Year-63.77%
3 Year-56.89%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%6.63%
ATR Inc-61.73%
Range Today0.21
ADR(20)0.57
ADR(20)%6.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88
Mansfield2.69
10 Day High9.99
10 Day Low7.86
20 Day High9.99
20 Day Low5.39
52 Week High9.99
52 Week Low3.76
CS1 End9
CR1 Start9.08
Volume & EV
DER(3)-0.79%
DER(5)-1.61%
Volume2.80M
Volume Incr-33.17%
Vol(5)6.26M
Vol(50)9.18M