ARROW ELECTRONICS INC (ARW) Technical Analysis
NYSE:ARW • US0427351004
Current stock price
ARW Technical Rating and Analysis
Overall ARW gets a technical rating of 10 out of 10. 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 89% of all stocks.
- ARW is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ARW has a been trading in the 144.83 - 193.67 range, which is quite wide. It is currently trading near the high of this range.
- ARW is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, ARW did better than 67% of them.
ARW Weekly and Daily overview Charts
ARW Setup Rating and Analysis
Although ARW has an excellent technical rating, it does not offer a high quality setup 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
113.93
When analyzing the support we can see 5 important areas.
- A support zone ranging from 183.90 to 184.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 147.27 to 147.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @138.36 from a horizontal line in the daily time frame.
- Support @135.73 from a trend line in the daily time frame.
- Support @115.08 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 187.03 to 187.84. 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 | UP | POSITIVE | The short term trend for ARW is up. |
| ChartMill Relative Strength | 89.78 | POSITIVE | ARW has a high relative strength, it outperformed 89.78% 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) | 69.59 | NEUTRAL | The RSI value for ARW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests ARW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.33 | NEUTRAL | The Stochastics value for ARW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for ARW suggests some volalility. |
| Average Directional Index/ADX (14) | 39.4 | 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
184.52
-3.31 (-1.76%)
ARROW ELECTRONICS INC / ARW TA 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.
What is the RSI signal for ARW stock?
ARROW ELECTRONICS INC (ARW) has an RSI value of 69.5949. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ARROW ELECTRONICS INC?
The MACD indicator for ARROW ELECTRONICS INC (ARW) has a value of 0.367138, indicating a bearish trend.
What is the buy/sell signal for ARROW ELECTRONICS INC (ARW) stock?
The buy/sell signal for ARROW ELECTRONICS INC (ARW) is buy as both the short term and long term trends are positive.