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

We've identified ARCHROCK INC (NYSE:AROC) as a potential breakout candidate based on our stock screener's analysis. This breakout setup pattern suggests that after a strong uptrend, the stock is currently consolidating, potentially signaling a continuation of the trend. Keep an eye on NYSE:AROC for further developments.

Technical analysis of NYSE:AROC

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

We assign a technical rating of 10 out of 10 to AROC. 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.
• Looking at the yearly performance, AROC did better than 92% of all other stocks. We also observe that the gains produced by AROC over the past year are nicely spread over this period.
• AROC is part of the Energy Equipment & Services industry. There are 59 other stocks in this industry. AROC outperforms 91% of them.
• AROC 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 AROC is lagging the market slightly.
• In the last month AROC has a been trading in the 24.93 - 30.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of AROC contains the most current technical analsysis.

Looking at the Setup

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:AROC has a 7 as its setup rating:

AROC has an excellent technical rating and also presents a decent setup pattern. 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 very little resistance above the current price. There is a support zone below the current price at 28.00, a Stop Loss order could be placed below this zone.

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

• 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.
• Over the past 3 months, analysts have adjusted their EPS Estimate for ARCHROCK INC with a 9.08% change. This highlights the evolving outlook on the company's EPS potential.
• The recent financial report of ARCHROCK INC demonstrates a 10.0% 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.
• ARCHROCK INC has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.
• ARCHROCK INC has achieved an impressive Return on Equity (ROE) of 11.11%, showcasing its ability to generate favorable returns for shareholders.
• ARCHROCK INC maintains a healthy Debt-to-Equity ratio of 1.73. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
• ARCHROCK INC exhibits a favorable ownership structure, with an institutional shareholder ownership of 84.13%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.
• The Relative Strength (RS) of ARCHROCK INC has been consistently solid, with a current 92.72 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. ARCHROCK INC exhibits strong prospects for further price appreciation.

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

Disclaimer

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.