Why the high growth investor may take a look at NYSE:AROC.

Our stockscreener has identified a possible breakout setup on ARCHROCK INC (NYSE:AROC). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:AROC for potential opportunities.

What is the technical picture of NYSE:AROC telling us.

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Taking everything into account, AROC scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AROC is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that AROC is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by AROC over the past year are nicely spread over this period.
• AROC is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 88% of 60 stocks in the same industry.
• AROC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month AROC has a been trading in the 19.73 - 24.71 range, which is quite wide. It is currently trading near the high of this range.

For an up to date full technical analysis you can check the technical report of AROC

How does the Setup look for NYSE:AROC

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:AROC currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

Besides having an excellent technical rating, AROC also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for AROC in the last couple of days, which is a good sign.

Why NYSE:AROC may be interesting for high growth investors.

• The earnings per share (EPS) of ARCHROCK INC have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 40.0% increase. This reflects the company's ability to improve its profitability over time.
• The EPS of ARCHROCK INC has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• The recent financial report of ARCHROCK INC demonstrates a 40.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• With a favorable trend in its operating margin over the past year, ARCHROCK INC demonstrates its ability to enhance profitability through efficient operations. This growth reflects the company's focus on optimizing its cost structure.
• The free cash flow (FCF) of ARCHROCK INC has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• ARCHROCK INC has a healthy Return on Equity(ROE) of 11.11%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• With a current Debt-to-Equity ratio at 1.73, ARCHROCK INC showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• ARCHROCK INC has exhibited strong Relative Strength(RS) in recent periods, with a current 91.38 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. ARCHROCK INC shows promising potential for continued price momentum.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.