Arotech Corp. (ARTX) Technical Analysis
NASDAQ:ARTX
Current stock price
ARTX Technical Rating and Analysis
Overall ARTX gets a technical rating of 7 out of 10. Although ARTX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ARTX did better than 78% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- ARTX 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 ARTX is lagging the market slightly.
- In the last month ARTX has a been trading in a tight range between 2.97 and 3.00.
ARTX Weekly and Daily overview Charts
ARTX Setup Rating and Analysis
ARTX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 3.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.99, a Stop Loss order could be placed below this zone.
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ARTX Support and Resistance Analysis
2.56
2 important support areas can be observed.
- A support zone ranging from 2.97 to 2.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.59 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.00 to 3.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.34 from a trend line in the weekly time frame.
ARTX 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 | UP | POSITIVE | The long term trend for ARTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARTX is up. |
| ChartMill Relative Strength | 78.99 | POSITIVE | ARTX has a high relative strength, it outperformed 78.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ARTX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.24 | NEUTRAL | The RSI value for ARTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ARTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for ARTX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for ARTX suggests low volalility. |
ARTX Chart- and CandleStick Pattern Analysis
ARTX Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.02 | 2.97 | 0.05 (1.66%) | 25.00% |
| An entry @3.02. This is a Buy Stop order right above the resistance zone. | An exit @2.97. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.05 points, which is 1.66%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.41%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ARTX Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:ARTX (12/18/2019, 8:00:01 PM)
2.995
0 (0%)
Arotech Corp. / ARTX TA FAQ
What is the technical rating for ARTX stock?
ChartMill assigns a technical rating of 7 / 10 to ARTX.
What is the trend direction for ARTX stock?
The current trend direction for Arotech Corp. (ARTX) is Bullish.
What is the RSI signal for Arotech Corp. (ARTX) stock?
Arotech Corp. (ARTX) has an RSI value of 59.2357. This indicates that the stock is currently neutral.
What is the short term momentum for ARTX stock?
The short term momentum for Arotech Corp. (ARTX) is positive.
What are the support and resistance levels for Arotech Corp. (ARTX) stock?
Arotech Corp. (ARTX) has a support level at 2.99 and a resistance level at 3. Check the full technical report for our detailed analysis of ARTX support and resistance levels.