ARROW ELECTRONICS INC (ARW) Stock Technical Analysis
NYSE:ARW - New York Stock Exchange, Inc. - US0427351004 - Common Stock - Currency: USD
Overall ARW gets a technical rating of 0 out of 10. 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.
77% 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. 65% of 124 stocks in the same industry do better.
In the last month ARW has a been trading in the 113.45 - 134.74 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
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
113.51
137.16
We found 1 important support area.
- A support zone ranging from 114.66 to 114.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 131.69 to 135.80. 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 | 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 | 23.23 | NEGATIVE | ARW has a low relative strength, it was outperformed by 76.77% 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) | 28.41 | OVERSOLD | The low RSI value suggests ARW may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.05 | NEGATIVE | The MACD value suggests ARW has a negative trend. |
| Stochastics (14,3) | 7.04 | OVERSOLD | The low Stochastics value suggests ARW may be oversold. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for ARW suggests some volalility. |
| Average Directional Index/ADX (14) | 28.02 | POSITIVE | The high ADX value value for ARW suggests a strong 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)
116.11
+1.45 (+1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg1.26%
1 Week-9.79%
2 Weeks-10.94%
1 Month-10.83%
3 Month-1.54%
6 Month8.53%
12 Month-8.56%
2 Year-12.98%
3 Year10.78%
5 Year47.8%
10 Year107.64%
15 Year407.47%
Volatility
ATR(14)3.12
ATR(20)%2.47%
ATR Inc3.61%
Range Today2.86
ADR(20)2.76
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.23
Mansfield-0.97
10 Day High132.15
10 Day Low113.45
20 Day High134.74
20 Day Low113.45
52 Week High137.8
52 Week Low86.5
CS1 End114.66
CR1 Start131.69
Volume & EV
DER(3)-4.43%
DER(5)-2.04%
Volume674.30K
Volume Incr126.46%
Vol(5)840.98K
Vol(50)456.33K