ARROW ELECTRONICS INC (ARW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ARW - US0427351004 - Common Stock
Taking everything into account, ARW scores 1 out of 10 in our technical rating. 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.
Although the technical rating is bad, ARW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 112.98, a Stop Loss order could be placed below this zone.
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102.73
When analyzing the support we can see 4 important areas.
- A support zone ranging from 112.30 to 112.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @108.18 from a trend line in the weekly time frame.
- Support @105.74 from a horizontal line in the weekly time frame.
- Support @103.77 from a trend line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 113.59 to 113.82. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @116.33 from a horizontal line in the daily time frame.
- Resistance @120.97 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 | NEUTRAL | NEUTRAL | The short term trend for ARW is neutral. |
| ChartMill Relative Strength | 32.83 | 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) | 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) | 53.07 | NEUTRAL | The RSI value for ARW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ARW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.53 | NEUTRAL | The Stochastics value for ARW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for ARW suggests some volalility. |
| Average Directional Index/ADX (14) | 14.95 | NEGATIVE | The low ADX value for ARW suggests a weak or negative trend. |
113.01
-0.03 (-0.03%)
ARROW ELECTRONICS INC / ARW FAQ
What is the technical rating for ARW stock?
ChartMill assigns a technical rating of 1 / 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 53.0718. 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 0.0825451, 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 112.98 and a resistance level at 113.59. Check the full technical report for our detailed analysis of ARW support and resistance levels.