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Arrow Financial Corporation Stock Forecast NASDAQ:AROW

$35.38 (-3.96%)

Volume: 17k

Closed: Nov 26, 2021

Hollow Logo Score: -2.383

Arrow Financial Corporation Stock Forecast

$35.38 (-3.96%)

Volume: 17k

Closed: Nov 26, 2021

Score Hollow Logo -2.383
Which way will AROW go? Request
Key Stats
P/E Ratio 10.89
Beta 0.76
Trailing Dividend Rate 2.83% ($1.00)
Next Dividend Date Dec 01, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 36 and the stock is currently not being overbought or oversold

Arrow Financial Corporation stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Arrow Financial Corporation stock price fell by -3.96% on the last day (Friday, 26th Nov 2021) from $36.84 to $35.38. and has now fallen 3 days in a row. During the day the stock fluctuated 4.75% from a day low at $35.06 to a day high of $36.73. The price has fallen in 6 of the last 10 days and is down by -6.35% for this period. Volume has increased on the last day by 10 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 17 thousand shares were bought and sold for approximately $618.05 thousand.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.51% during the next 3 months and, with a 90% probability hold a price between $35.56 and $39.99 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Arrow Financial Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $36.39 and $36.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -6.65%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Arrow Financial Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss

Arrow Financial Corporation finds support from accumulated volume at $34.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.67 between high and low, or 4.75%. For the last week the stock has had a daily average volatility of 3.09%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Arrow Financial Corporation stock A Buy?

The Arrow Financial Corporation stock holds several negative signals and despite the positive trend, we believe Arrow Financial Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.383

Predicted Opening Price for Arrow Financial Corporation of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$35.72 $35.38 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

Piper Sandler does not see either upside or downside right now giving AROW "Neutral" on their last update on Sep 28, 2020. The price target was changed from $30.00 to $28.00.

Volatility and Risk
Daily Average Volatility: 3.09 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.09 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $35.67
Price: $35.38
Support: $34.45

AROW Insider Trading Show all Trades

INSIDER POWER

1.357

Last 100 transactions
Buy: 99 775 | Sell: 73 521 (Shares)
Date Action Amount Person Type
Nov 09, 2021 Sell 800 O'conor Raymond F Common Stock
Nov 02, 2021 Sell 1 000 Wise Andrew J Employee Stock Option (Right to Buy)
Nov 02, 2021 Buy 1 000 Wise Andrew J Common Stock
Nov 02, 2021 Sell 805 Wise Andrew J Common Stock
Oct 13, 2021 Buy 189 Behan Mark Common Stock
Show all Insider Trades
INSIDER POWER

1.357

Last 100 transactions
Buy: 99 775 | Sell: 73 521 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 37.39 5.67 %
36.75 3.87 %
36.36 2.76 %
Current price: 35.38
Support 35.09 -0.83 %
34.69 -1.94 %
34.06 -3.74 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 37.90 7.12 %
36.85 4.15 %
35.67 0.82 %
Current price 35.38
Support 34.45 -2.63%
33.77 -4.55%
33.07 -6.53%

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About Arrow Financial Corporation

Arrow Financial Corporation operates as the bank holding company for Glens Falls National Bank and Trust Company, and Saratoga National Bank and Trust Company that provide commercial and consumer banking services, and financial products. The company’s deposit products include demand deposits, NOW accounts, savings deposits, and time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit fo... Read more

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