ARROW ELECTRONICS INC (ARW) Stock Technical Analysis
NYSE:ARW - US0427351004 - Common Stock
126.82 USD
-0.96 (-0.75%)
126.82 USD
0 (0%)
We assign a technical rating of 6 out of 10 to ARW. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ARW is a bad performer.
65% of all other stocks performed better in the past year than ARW.
ARW is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 62% of 124 stocks in the same industry do better.
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 113.45 - 130.42 range, which is quite wide. It is currently trading near the high of this range.
Although the technical rating is only medium, ARW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 131.69. Right above this resistance zone may be a good entry point.
More info and screens
113.51
138.52
3 important support areas can be observed.
- A support zone ranging from 119.91 to 120.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- Resistance @131.69 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 135.08 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 | 35.27 | NEUTRAL | ARW is not amongst the best or worst performers 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) | 53.08 | NEUTRAL | The RSI value for ARW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests ARW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.37 | NEUTRAL | The Stochastics value for ARW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for ARW suggests some volalility. |
| Average Directional Index/ADX (14) | 19.9 | NEGATIVE | The low ADX value for ARW suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 131.70 | 122.91 | 8.78 (6.67%) | 14.99% |
| An entry @131.70. This is a Buy Stop order right above the resistance zone. | An exit @122.91. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.78 points, which is 6.67%. | When investing 14.99% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
126.82
-0.96 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.75%
1 Week2.09%
2 Weeks0.76%
1 Month9.33%
3 Month7.13%
6 Month17.35%
12 Month-6.11%
2 Year-4.95%
3 Year21%
5 Year61.43%
10 Year126.79%
15 Year454.28%
Volatility
ATR(14)2.88
ATR(20)%2.35%
ATR Inc-32.11%
Range Today2.12
ADR(20)2.88
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.27
Mansfield-0.3
10 Day High130.42
10 Day Low122.93
20 Day High130.42
20 Day Low113.45
52 Week High137.8
52 Week Low86.5
CS1 End120.44
CR1 Start131.69
Volume & EV
DER(3)-1.51%
DER(5)-0.29%
Volume367.60K
Volume Incr-11.33%
Vol(5)478.52K
Vol(50)470.05K