ARROW ELECTRONICS INC (ARW) Stock Technical Analysis
USA - NYSE:ARW - US0427351004 - Common Stock
113.5 USD
-4.31 (-3.66%)
113.5 USD
0 (0%)
Taking everything into account, ARW scores 0 out of 10 in our technical rating. ARW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
84% of all other stocks performed better in the past year than ARW.
ARW is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 74% of 124 stocks in the same industry do better.
In the last month ARW has a been trading in the 113.47 - 129.38 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
ARW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARW is lagging the market.
The technical rating of ARW is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
112.36
136.43
We found 1 important support area.
- A support zone ranging from 113.49 to 113.49. 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 120.16 to 123.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @127.40 from a horizontal line in the daily time frame.
- A resistance zone ranging from 130.07 to 131.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @135.08 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for ARW is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARW is down. |
| ChartMill Relative Strength | 16.96 | NEGATIVE | ARW has a low relative strength, it was outperformed by 83.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ARW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.87 | NEUTRAL | The RSI value for ARW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests ARW has a negative trend. |
| Stochastics (14,3) | 19.14 | OVERSOLD | The low Stochastics value suggests ARW may be oversold. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for ARW suggests some volalility. |
| Average Directional Index/ADX (14) | 14.82 | NEGATIVE | The low ADX value for ARW 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)
113.5
-4.31 (-3.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-3.66%
1 Week-6.65%
2 Weeks-6.14%
1 Month-11.56%
3 Month-14.12%
6 Month16.04%
12 Month-15.03%
2 Year0.08%
3 Year12.09%
5 Year45.72%
10 Year106.4%
15 Year283.32%
Volatility
ATR(14)2.78
ATR(20)%2.68%
ATR Inc73.61%
Range Today4.91
ADR(20)2.73
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.96
Mansfield-1.15
10 Day High124.4
10 Day Low113.47
20 Day High129.38
20 Day Low113.47
52 Week High137.8
52 Week Low86.5
CS1 End113.49
CR1 Start120.16
Volume & EV
DER(3)0.14%
DER(5)0.82%
Volume477.50K
Volume Incr-30.32%
Vol(5)376.21K
Vol(50)494.65K