ARROW ELECTRONICS INC (ARW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ARW - US0427351004 - Common Stock
We assign a technical rating of 2 out of 10 to ARW. ARW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ARW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 114.00, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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3 important support areas can be observed.
- A support zone ranging from 111.11 to 114.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @108.58 from a trend line in the weekly time frame.
- A support zone ranging from 104.28 to 105.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- Resistance @116.33 from a horizontal line in the daily time frame.
- Resistance @120.25 from a trend line in the daily time frame.
- Resistance @127.40 from a horizontal line in the daily time frame.
- A resistance zone ranging from 131.69 to 132.17. This zone is formed by a combination of multiple trend lines 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 | 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 | 43.11 | NEUTRAL | ARW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ARW is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ARW is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ARW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.83 | NEUTRAL | The RSI value for ARW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests ARW has a positive trend. |
| Stochastics (14,3) | 54.51 | NEUTRAL | The Stochastics value for ARW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for ARW suggests some volalility. |
| Average Directional Index/ADX (14) | 12.78 | NEGATIVE | The low ADX value for ARW suggests a weak or negative trend. |
114.99
+1.62 (+1.43%)
ARROW ELECTRONICS INC / ARW FAQ
What is the technical rating for ARW stock?
ChartMill assigns a technical rating of 2 / 10 to ARW.
What is the trend direction for 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 57.8306. 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 114 and a resistance level at 116.33. Check the full technical report for our detailed analysis of ARW support and resistance levels.