ARROW ELECTRONICS INC (ARW) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ARW • US0427351004
Taking everything into account, ARW scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ARW has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ARW is one of the better performing stocks in the market, outperforming 87% of all stocks.
- ARW is part of the Electronic Equipment, Instruments & Components industry. There are 123 other stocks in this industry. ARW outperforms 73% of them.
- A new 52 week high is currently being made by ARW, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month ARW has a been trading in the 110.77 - 141.72 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ARW has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
109.11
When analyzing the support we can see 2 important areas.
- A support zone ranging from 116.26 to 117.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 110.21 to 111.26. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for ARW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARW is up. |
| ChartMill Relative Strength | 87.5 | POSITIVE | ARW has a high relative strength, it outperformed 87.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 82.28 | OVERBOUGHT | The high RSI value suggests ARW may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.08 | POSITIVE | The MACD value suggests ARW has a positive trend. |
| Stochastics (14,3) | 95.72 | OVERBOUGHT | The high Stochastics value suggests ARW may be overbought. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for ARW suggests some volalility. |
| Average Directional Index/ADX (14) | 30.57 | POSITIVE | The high ADX value value for ARW suggests a strong trend. |
141.1
+3.11 (+2.25%)
ARROW ELECTRONICS INC / ARW FAQ
What is the technical rating for ARW stock?
ChartMill assigns a technical rating of 10 / 10 to ARW.
What is the trend direction for ARW stock?
The current trend direction for ARROW ELECTRONICS INC (ARW) is Bullish.
Can you provide the RSI signal for ARROW ELECTRONICS INC?
ARROW ELECTRONICS INC (ARW) has an RSI value of 82.2781. This indicates that the stock is currently overbought.
What is the buy/sell signal for ARW stock?
The buy/sell signal for ARROW ELECTRONICS INC (ARW) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ARW stock?
ARROW ELECTRONICS INC (ARW) has a support level at 117.57. Check the full technical report for our detailed analysis of ARW support and resistance levels.