ARROW ELECTRONICS INC (ARW) Stock Technical Analysis
NYSE:ARW - New York Stock Exchange, Inc. - US0427351004 - Common Stock - Currency: USD
Overall ARW gets a technical rating of 8 out of 10. Although ARW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
ARW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ARW is lagging the market slightly.
In the last month ARW has a been trading in the 121.20 - 134.74 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that ARW is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
ARW is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, ARW did better than 54% of them.
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
115.96
138.52
When analyzing the support we notice one important area.
- A support zone ranging from 117.13 to 117.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 135.56 to 137.15. 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 | 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 | 79.06 | POSITIVE | ARW has a high relative strength, it outperformed 79.06% 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) | 66.91 | NEUTRAL | The RSI value for ARW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ARW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.24 | OVERBOUGHT | The high Stochastics value suggests ARW may be overbought. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for ARW suggests low volalility. |
| Average Directional Index/ADX (14) | 38.91 | POSITIVE | The high ADX value value for ARW suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
132.16
-1.08 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.81%
1 Week-0.01%
2 Weeks3.02%
1 Month6.23%
3 Month35.12%
6 Month18.05%
12 Month7.37%
2 Year-7.28%
3 Year3.11%
5 Year84.53%
10 Year127.27%
15 Year433.12%
Volatility
ATR(14)2.36
ATR(20)%1.78%
ATR Inc-13.26%
Range Today2
ADR(20)2.23
ADR(20)%1.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.06
Mansfield0.27
10 Day High134.74
10 Day Low126.34
20 Day High134.74
20 Day Low121.2
52 Week High137.8
52 Week Low86.5
CS1 End117.13
CR1 Start135.56
Volume & EV
DER(3)-0.09%
DER(5)0.73%
Volume309.20K
Volume Incr-15.14%
Vol(5)403.72K
Vol(50)510.46K