ARROW ELECTRONICS INC (ARW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ARW - US0427351004 - Common Stock
Overall ARW gets a technical rating of 0 out of 10. ARW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of ARW is bad and it also does not present a 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.
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100.85
When analyzing the support we notice one important area.
- A support zone ranging from 101.87 to 102.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 107.91 to 108.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @123.22 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 135.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 22.15 | NEGATIVE | ARW has a low relative strength, it was outperformed by 77.85% 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) | UP | MIXED | The current price of ARW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.92 | NEUTRAL | The RSI value for ARW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests ARW has a positive trend. |
| Stochastics (14,3) | 42.15 | NEUTRAL | The Stochastics value for ARW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for ARW suggests some volalility. |
| Average Directional Index/ADX (14) | 37.34 | POSITIVE | The high ADX value value for ARW suggests a strong trend. |
107.9
+1.07 (+1%)
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 42.9202. 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 0.176824, 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 102.16 and a resistance level at 107.91. Check the full technical report for our detailed analysis of ARW support and resistance levels.