ARTESIAN RESOURCES CORP-CL A (ARTNA) Stock Technical Analysis
NASDAQ:ARTNA - Nasdaq - US0431132085 - Common Stock - Currency: USD
Overall ARTNA gets a technical rating of 5 out of 10. In the last year, ARTNA was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month ARTNA has a been trading in the 32.22 - 35.37 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, ARTNA outperforms 47% of them, which is more or less in line with the market.
ARTNA is an average performer in the Water Utilities industry, it outperforms 53% of 14 stocks in the same industry.
ARTNA 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 ARTNA is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
ARTNA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
29.38
36.70
When analyzing the support we can see 4 important areas.
- A support zone ranging from 33.23 to 33.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.77 to 31.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.09 from a horizontal line in the daily time frame.
- A support zone ranging from 29.68 to 29.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 33.78 to 34.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 34.67 to 34.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @35.53 from a horizontal line in the daily time frame.
- Resistance @36.34 from a horizontal line in the daily 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 ARTNA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARTNA is neutral. |
| ChartMill Relative Strength | 47.51 | NEUTRAL | ARTNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARTNA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ARTNA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ARTNA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.28 | NEUTRAL | The RSI value for ARTNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ARTNA has a negative trend. |
| Stochastics (14,3) | 74.11 | NEUTRAL | The Stochastics value for ARTNA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ARTNA suggests some volalility. |
| Average Directional Index/ADX (14) | 9.23 | NEGATIVE | The low ADX value for ARTNA suggests a weak or negative 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)
33.73
-0.6 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryWater Utilities
Performance
% Chg-1.73%
1 Week-0.06%
2 Weeks-2.2%
1 Month-3.57%
3 Month2.18%
6 Month-1.32%
12 Month-1.17%
2 Year-28.57%
3 Year-31.4%
5 Year-7.05%
10 Year59.93%
15 Year82.72%
Volatility
ATR(14)0.71
ATR(20)%2.55%
ATR Inc-36.42%
Range Today0.7
ADR(20)0.83
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.51
Mansfield-0.59
10 Day High34.7
10 Day Low33.5
20 Day High35.37
20 Day Low32.22
52 Week High41.29
52 Week Low29.45
CS1 End33.61
CR1 Start33.78
Volume & EV
DER(3)0.4%
DER(5)0%
Volume27.20K
Volume Incr-33.23%
Vol(5)23.94K
Vol(50)37.25K