ARLO TECHNOLOGIES INC (ARLO) Stock Technical Analysis
USA - NYSE:ARLO - US04206A1016 - Common Stock
Taking everything into account, ARLO 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, ARLO is showing a nice and steady performance.
ARLO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 17.88, a Stop Loss order could be placed below this zone.
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8.63
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.70 to 17.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.47 to 16.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.72 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.44 to 19.44. 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 ARLO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARLO is up. |
| ChartMill Relative Strength | 89.59 | POSITIVE | ARLO has a high relative strength, it outperformed 89.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARLO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARLO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARLO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.99 | NEUTRAL | The RSI value for ARLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests ARLO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71 | NEUTRAL | The Stochastics value for ARLO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ARLO suggests some volalility. |
| Average Directional Index/ADX (14) | 21.48 | NEUTRAL | The ADX value for ARLO suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 19.45 | 17.69 | 1.76 (9.05%) | 11.05% |
| An entry @19.45. This is a Buy Stop order right above the resistance zone. | An exit @17.69. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.76 points, which is 9.05%. | When investing 11.05% 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.
18.97
-0.37 (-1.91%)
ARLO TECHNOLOGIES INC / ARLO FAQ
What is the ChartMill technical rating of ARLO TECHNOLOGIES INC (ARLO) stock?
ChartMill assigns a technical rating of 10 / 10 to ARLO.
What is the trend direction for ARLO stock?
The current trend direction for ARLO TECHNOLOGIES INC (ARLO) is Bullish.
What is the RSI signal for ARLO TECHNOLOGIES INC (ARLO) stock?
ARLO TECHNOLOGIES INC (ARLO) has an RSI value of 58.9917. This indicates that the stock is currently neutral.
What is the short term momentum for ARLO TECHNOLOGIES INC (ARLO) stock?
The short term momentum for ARLO TECHNOLOGIES INC (ARLO) is positive.
Can you provide the support and resistance levels for ARLO TECHNOLOGIES INC?
ARLO TECHNOLOGIES INC (ARLO) has a support level at 17.88 and a resistance level at 19.44. Check the full technical report for our detailed analysis of ARLO support and resistance levels.