ARW Technical Analysis - ARROW ELECTRONICS INC

Technical Rating and Analysis

Taking everything into account, ARW scores 1 out of 10 in our technical rating. 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.

81% of all other stocks performed better in the past year than ARW.

ARW is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, of which 73% are performing better than ARW.

In the last month ARW has a been trading in the 118.50 - 130.42 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.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ARROW ELECTRONICS INC / ARW Weekly stock chart

ARROW ELECTRONICS INC / ARW Daily stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

113.51

136.92

2 important support areas can be observed.

Support @117.13 from a horizontal line in the daily time frame.
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.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 124.14 to 126.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 130.07 to 135.56. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for ARW is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ARW is neutral.
ChartMill Relative Strength	19.18	NEGATIVE	ARW has a low relative strength, it was outperformed by 80.82% 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	MIXED	The current price of ARW is above a declining SMA(200).
Relative Strength Index/RSI (14)	36.17	NEUTRAL	The RSI value for ARW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.45	NEGATIVE	The MACD value suggests ARW has a negative trend.
Stochastics (14,3)	45.35	NEUTRAL	The Stochastics value for ARW is a neutral value.
Average True Range in percent/ATR (20)	2.31	MEDIUM VOLATILITY	The ATR as a percentage value for ARW suggests some volalility.
Average Directional Index/ADX (14)	16.04	NEGATIVE	The low ADX value for ARW suggests a weak or negative trend.