Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AROW
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Arrow Financial Corporation stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 21, 2024 Loss -0.28% PDF

The Arrow Financial Corporation stock price gained 2.81% on the last trading day (Wednesday, 27th Mar 2024), rising from $24.20 to $24.88. During the last trading day the stock fluctuated 2.84% from a day low at $24.20 to a day high of $24.89. The price has risen in 5 of the last 10 days and is up by 1.06% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 35 thousand shares were bought and sold for approximately $880.38 thousand.

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 $25.14 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 -12.22% during the next 3 months and, with a 90% probability hold a price between $19.51 and $22.07 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.

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AROW Signals & Forecast

The Arrow Financial Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.38 and $24.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 6.46%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Arrow Financial Corporation stock

Arrow Financial Corporation finds support from accumulated volume at $23.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.688 (2.84%) between high and low. For the last week, the stock has had daily average volatility of 2.72%.

Our recommended stop-loss: $23.41 (-5.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (AROW) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Arrow Financial Corporation to open at $24.66, and during the day (based on 14 day Average True Range), to move between $24.12 and $25.64, which gives a possible trading interval of +/-$0.763 (+/-3.07%) up or down from last closing price. If Arrow Financial Corporation takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $24.97 (0.36%) than the support at $23.77 (4.46%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Arrow Financial Corporation stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.308 Buy Candidate Upgraded

Predicted Opening Price for Arrow Financial Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$24.66 ( 0.90%) $24.88

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

Trading levels for AROW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 25.35 1.87 %
R2 25.08 0.81 %
R1 24.92 0.161 %
Current price: 24.88
Support S1 24.39 -1.95 %
S2 24.23 -2.61 %
S3 23.97 -3.66 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 27.42 10.21 %
R2 27.38 10.05 %
R1 24.97 0.362 %
Current price 24.88
Support S1 23.77 -4.46%
S2 23.73 -4.62%
S3 23.37 -6.07%

AROW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 31, 2024 Feb 09, 2024 Feb 23, 2024 $0.270 1.10%
2 Oct 26, 2023 Nov 30, 2023 Dec 15, 2023 $0.270 0.96%
3 Jul 26, 2023 Aug 31, 2023 Sep 15, 2023 $0.270 1.48%
4 May 03, 2023 Jun 01, 2023 Jun 15, 2023 $0.270 1.24%
5 Feb 01, 2023 Mar 02, 2023 Mar 15, 2023 $0.270 1.00%

FAQ

What is the symbol for Arrow Financial Corporation Stock and on which exchange is it traded?
The symbol for Arrow Financial Corporation is AROW and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Arrow Financial Corporation Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Arrow Financial Corporation Stock?
Arrow Financial Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Arrow Financial Corporation Stock.

What's the current price of Arrow Financial Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Arrow Financial Corporation (AROW) share was $24.88.

What is the 52-week high and low for Arrow Financial Corporation Stock?
The 52-week high for Arrow Financial Corporation Stock is $29.65 and the 52-week low is $16.65.

What is the market capitalization of Arrow Financial Corporation Stock?
As of the 2024-03-27, the market capitalization of Arrow Financial Corporation is 411.841M.

When is the next earnings date for Arrow Financial Corporation?
The upcoming earnings date for Arrow Financial Corporation is Jul 22, 2024.
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About Arrow Financial Corporation

Arrow Financial 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

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