ARROW ELECTRONICS INC (ARW) Technical Analysis
NYSE:ARW • US0427351004
Current stock price
ARW Technical Rating and Analysis
Taking everything into account, ARW scores 8 out of 10 in our technical rating. In the last year, ARW was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month ARW has a been trading in the 132.62 - 162.61 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, ARW did better than 87% of all other stocks.
- ARW is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ARW is performing more or less in line with the market.
- ARW is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 67% of 124 stocks in the same industry.
ARW Weekly and Daily overview Charts
ARW Setup Rating and Analysis
Although ARW has an excellent technical rating, the quality of the presented setup is not ideal 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
ARW Support and Resistance Analysis
110.15
When analyzing the support we can see 3 important areas.
- A support zone ranging from 135.62 to 138.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @125.26 from a trend line in the daily time frame.
- A support zone ranging from 111.26 to 112.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 158.60 to 159.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
ARW 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 ARW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARW is neutral. |
| ChartMill Relative Strength | 87.36 | POSITIVE | ARW has a high relative strength, it outperformed 87.36% 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) | 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) | 44.56 | NEUTRAL | The RSI value for ARW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.27 | NEGATIVE | The MACD value suggests ARW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.02 | NEUTRAL | The Stochastics value for ARW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for ARW suggests some volalility. |
| Average Directional Index/ADX (14) | 30.8 | POSITIVE | The high ADX value value for ARW suggests a strong trend. |
ARW Chart- and CandleStick Pattern Analysis
ARW Technicals: Chart, Performance Metrics, Trend & Indicators
140.44
-0.09 (-0.06%)
ARROW ELECTRONICS INC / ARW TA FAQ
What is the technical rating for ARW stock?
ChartMill assigns a technical rating of 8 / 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 44.5639. This indicates that the stock is currently neutral.
What is the support and resistance level for ARW stock?
ARROW ELECTRONICS INC (ARW) has a support level at 138.35 and a resistance level at 158.6. Check the full technical report for our detailed analysis of ARW support and resistance levels.