Arrow Financial Corporation Stock Forecast
Green day on Friday for Arrow Financial Corporation stock after gaining 0.416%
(Updated on May 26, 2023)
The Arrow Financial Corporation stock price gained 0.416% on the last trading day (Friday, 26th May 2023), rising from $19.25 to $19.33. During the last trading day the stock fluctuated 1.52% from a day low at $19.13 to a day high of $19.42. The price has been going up and down for this period, and there has been a -1.33% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 477 more shares were traded than the day before. In total, 33 thousand shares were bought and sold for approximately $640.33 thousand.
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The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $19.42 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -36.92% during the next 3 months and, with a 90% probability hold a price between $10.35 and $12.25 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
AROW Signals & Forecast
There are mixed signals in the stock today. The Arrow Financial Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $19.58 and $21.02. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, May 16, 2023, and so far it has risen 8.29%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Arrow Financial Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Arrow Financial Corporation stock
Arrow Financial Corporation finds support from accumulated volume at $19.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.290 between high and low, or 1.52%. For the last week, the stock has had daily average volatility of 3.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AROW) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Arrow Financial Corporation to open at $19.29, and during the day (based on 14 day Average True Range), to move between $18.47 and $20.19, which gives a possible trading interval of +/-$0.86 (+/-4.43%) up or down from last closing price. If Arrow Financial Corporation takes out the full calculated possible swing range there will be an estimated 8.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.18 (0.78%) than the resistance at $19.55 (1.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Arrow Financial Corporation stock A Buy?
Arrow Financial Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.972 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Arrow Financial Corporation of Tuesday, May 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price May 30, 2023 | Current price |
|---|---|
| $19.29 | $19.33 (Overvalued) |
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Trading levels for AROW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.58 | 1.31 % | |
| R2 | 19.47 | 0.737 % | ||
| R1 | 19.40 | 0.383 % | ||
| Current price: | 19.33 | |||
| Support | S1 | 19.18 | -0.763 % | |
| S2 | 19.11 | -1.12 % | ||
| S3 | 19.00 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.27 | 20.38 % | |
| R2 | 19.92 | 3.05 % | ||
| R1 | 19.55 | 1.14 % | ||
| Current price | 19.33 | |||
| Support | S1 | 19.18 | -0.776% | |
| S2 | 19.06 | -1.40% | ||
| S3 | 17.85 | -7.66% |
FAQ
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About Arrow Financial Corporation
Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases... AROW Profile
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
