ARRAY TECHNOLOGIES INC (ARRY) Technical Analysis
NASDAQ:ARRY • US04271T1007
Current stock price
ARRY Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to ARRY. ARRY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- ARRY has an average volume of 6218080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, ARRY did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- ARRY is an average performer in the Electrical Equipment industry, it outperforms 58% of 92 stocks in the same industry.
- ARRY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ARRY is lagging the market slightly.
- In the last month ARRY has a been trading in the 6.50 - 7.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ARRY Weekly and Daily overview Charts
ARRY Setup Rating and Analysis
ARRY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.76, a Stop Loss order could be placed below this zone.
More info and screens
ARRY Support and Resistance Analysis
6.58
When analyzing the support we notice one important area.
- A support zone ranging from 6.65 to 6.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 7.67 to 7.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @11.65 from a trend line in the weekly time frame.
ARRY Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for ARRY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARRY is down. |
| ChartMill Relative Strength | 76.55 | POSITIVE | ARRY has a high relative strength, it outperformed 76.55% 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) | DOWN | NEGATIVE | The current price of ARRY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ARRY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.76 | NEUTRAL | The RSI value for ARRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests ARRY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.23 | NEUTRAL | The Stochastics value for ARRY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.32 | HIGH VOLATILITY | The high ATR as a percentage value for ARRY suggests high volalility. |
| Average Directional Index/ADX (14) | 26.22 | POSITIVE | The high ADX value value for ARRY suggests a strong trend. |
ARRY Chart- and CandleStick Pattern Analysis
ARRY Technicals: Chart, Performance Metrics, Trend & Indicators
7.34
-0.21 (-2.78%)
ARRAY TECHNOLOGIES INC / ARRY TA FAQ
What is the ChartMill technical rating of ARRAY TECHNOLOGIES INC (ARRY) stock?
ChartMill assigns a technical rating of 2 / 10 to ARRY.
What is the current trend direction of ARRAY TECHNOLOGIES INC (ARRY) stock?
The current trend direction for ARRAY TECHNOLOGIES INC (ARRY) is Bearish.
What is the RSI signal for ARRY stock?
ARRAY TECHNOLOGIES INC (ARRY) has an RSI value of 45.7565. 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 negative.
What is the buy/sell signal for ARRAY TECHNOLOGIES INC (ARRY) stock?
The buy/sell signal for ARRAY TECHNOLOGIES INC (ARRY) is sell as both the short term and long term trends are negative.