We assign a technical rating of 1 out of 10 to ARTNA. ARTNA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, ARTNA does present a nice setup opportunity. 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 32.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.64, a Stop Loss order could be placed below this zone.
More info and screens
30.40
2 important support areas can be observed.
- A support zone ranging from 31.59 to 31.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.71 to 30.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 32.02 to 33.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.66 to 34.66. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for ARTNA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARTNA is neutral. |
| ChartMill Relative Strength | 36.88 | NEUTRAL | ARTNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARTNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARTNA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ARTNA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.97 | NEUTRAL | The RSI value for ARTNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ARTNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.12 | NEUTRAL | The Stochastics value for ARTNA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for ARTNA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.48 | NEGATIVE | The low ADX value for ARTNA suggests a weak or negative trend. |
31.775
-0.09 (-0.27%)
ARTESIAN RESOURCES CORP-CL A / ARTNA FAQ
Can you provide the ChartMill technical rating for ARTESIAN RESOURCES CORP-CL A?
ChartMill assigns a technical rating of 1 / 10 to ARTNA.
What is the current trend direction of ARTESIAN RESOURCES CORP-CL A (ARTNA) stock?
The current trend direction for ARTESIAN RESOURCES CORP-CL A (ARTNA) is Bearish.
What is the RSI signal for ARTESIAN RESOURCES CORP-CL A (ARTNA) stock?
ARTESIAN RESOURCES CORP-CL A (ARTNA) has an RSI value of 48.9715. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ARTESIAN RESOURCES CORP-CL A?
The short term momentum for ARTESIAN RESOURCES CORP-CL A (ARTNA) is neutral.
What is the support and resistance level for ARTNA stock?
ARTESIAN RESOURCES CORP-CL A (ARTNA) has a support level at 31.64 and a resistance level at 32.02. Check the full technical report for our detailed analysis of ARTNA support and resistance levels.