ARTESIAN RESOURCES CORP-CL A (ARTNA) Technical Analysis
NASDAQ:ARTNA • US0431132085
Overall ARTNA gets a technical rating of 2 out of 10. ARTNA 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.
- In the last month ARTNA has a been trading in the 31.54 - 34.90 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, ARTNA outperforms 48% of them, which is more or less in line with the market.
- ARTNA is part of the Water Utilities industry. There are 14 other stocks in this industry, ARTNA did better than 61% of them.
- 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.
- Volume is considerably higher in the last couple of days.
ARTNA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 32.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ARTNA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
30.40
We found 2 important support areas.
- A support zone ranging from 31.59 to 32.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.71 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 32.97 to 34.77. This zone is formed by a combination of multiple trend lines and important moving averages 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 ARTNA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARTNA is down. |
| ChartMill Relative Strength | 48.22 | 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 | NEGATIVE | The current price of ARTNA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.52 | NEUTRAL | The RSI value for ARTNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests ARTNA has a negative trend. |
| Stochastics (14,3) | 15.81 | OVERSOLD | The low Stochastics value suggests ARTNA may be oversold. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for ARTNA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.07 | NEGATIVE | The low ADX value for ARTNA suggests a weak or negative trend. |
ARTNA Technicals: Chart, Performance Metrics, Trend & Indicators
32.39
+0.19 (+0.59%)
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 2 / 10 to ARTNA.
What is the trend direction for 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 40.5162. This indicates that the stock is currently neutral.
What is the short term momentum for ARTNA stock?
The short term momentum for ARTESIAN RESOURCES CORP-CL A (ARTNA) is negative.