ARROW ELECTRONICS INC (ARW) Stock Technical Analysis
USA - NYSE:ARW - US0427351004 - Common Stock
We assign a technical rating of 0 out of 10 to ARW. ARW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ARW has a poor technical rating and the quality of the setup is also only medium 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
110.09
We found 1 important support area.
- A support zone ranging from 111.20 to 111.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 118.89 to 120.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 122.89 to 125.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @127.40 from a horizontal line in the daily time frame.
- Resistance @131.69 from a horizontal line in the weekly time frame.
- 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 | DOWN | NEGATIVE | The long term trend for ARW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARW is down. |
| ChartMill Relative Strength | 25.26 | NEGATIVE | ARW has a low relative strength, it was outperformed by 74.74% 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) | 36.82 | NEUTRAL | The RSI value for ARW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests ARW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.65 | NEUTRAL | The Stochastics value for ARW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for ARW suggests some volalility. |
| Average Directional Index/ADX (14) | 22.93 | NEUTRAL | The ADX value for ARW suggests a possible start of a new trend. |
111.71
+0.51 (+0.46%)
ARROW ELECTRONICS INC / ARW FAQ
What is the technical rating for ARW stock?
ChartMill assigns a technical rating of 0 / 10 to ARW.
What is the current trend direction of ARROW ELECTRONICS INC (ARW) stock?
The current trend direction for ARROW ELECTRONICS INC (ARW) is Bearish.
Can you provide the RSI signal for ARROW ELECTRONICS INC?
ARROW ELECTRONICS INC (ARW) has an RSI value of 36.8223. This indicates that the stock is currently neutral.
What is the MACD signal for ARROW ELECTRONICS INC (ARW) stock?
The MACD indicator for ARROW ELECTRONICS INC (ARW) has a value of -0.576903, indicating a bearish trend.
Can you provide the support and resistance levels for ARROW ELECTRONICS INC?
ARROW ELECTRONICS INC (ARW) has a support level at 111.55 and a resistance level at 118.89. Check the full technical report for our detailed analysis of ARW support and resistance levels.