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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Weaker technical forecast for Arrow Financial Corporation as stock downgraded to Hold/Accumulate.
(Updated on Jul 23, 2024)

Buy or Hold candidate since Jun 12, 2024 Gain 24.37% PDF

The Arrow Financial Corporation stock price gained 1.95% on the last trading day (Tuesday, 23rd Jul 2024), rising from $30.18 to $30.77. During the last trading day the stock fluctuated 2.90% from a day low at $30.39 to a day high of $31.27. The price has risen in 7 of the last 10 days and is up by 19.26% 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, 26 thousand more shares were traded than the day before. In total, 58 thousand shares were bought and sold for approximately $1.78 million.

The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $28.93, a level that may pose a second chance to hit a runner. According to fan-theory $31.28 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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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 $29.78 and $26.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 27.84%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

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

On the downside, the stock finds support just below today's level from accumulated volume at $26.05 and $25.52. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Arrow Financial Corporation finds support just below today's level at $26.05. If this is broken, then the next support from accumulated volume will be at $25.52 and $24.63.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.88 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 3.52%.

The Arrow Financial Corporation stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $29.71 (-3.46%) (This stock has high daily movements and this gives high risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 38 days ago.)

Trading Expectations (AROW) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Arrow Financial Corporation to open at $30.81, and during the day (based on 14 day Average True Range), to move between $29.89 and $31.65, which gives a possible trading interval of +/-$0.88 (+/-2.85%) up or down from last closing price. If Arrow Financial Corporation takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $26.05, some $4.72 (15.34%) from the current price of $30.77, our system finds the risk reward attractive.

Is Arrow Financial Corporation stock A Buy?

Arrow Financial Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Arrow Financial Corporation of Wednesday, July 24, 2024

Fair opening price July 24, 2024 Current price
$30.81 ( 0.130%) $30.77

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
R3 31.69 2.99%
R2 31.35 1.90%
R1 31.15 1.22%
Price 30.77
S1 30.47 -0.96%
S2 30.27 -1.64%
S3 29.93 -2.73%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 30.77
S1 26.05 -15.34%
S2 25.52 -17.06%
S3 24.63 -19.95%

AROW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 30, 2024 May 10, 2024 May 24, 2024 $0.270 1.10%
2 Jan 31, 2024 Feb 09, 2024 Feb 23, 2024 $0.270 1.10%
3 Oct 26, 2023 Nov 30, 2023 Dec 15, 2023 $0.270 0.96%
4 Jul 26, 2023 Aug 31, 2023 Sep 15, 2023 $0.270 1.52%
5 May 03, 2023 Jun 01, 2023 Jun 15, 2023 $0.270 1.27%

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?
Arrow Financial Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate 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 Jul 23, 2024, the price of an Arrow Financial Corporation (AROW) share was $30.77.

What is the 52-week high and low for Arrow Financial Corporation Stock?
The 52-week high for Arrow Financial Corporation Stock is $31.27 and the 52-week low is $16.65.

What is the market capitalization of Arrow Financial Corporation Stock?
As of the Jul 23, 2024, the market capitalization of Arrow Financial Corporation is 503.949M.

When is the next earnings date for Arrow Financial Corporation?
The upcoming earnings date for Arrow Financial Corporation is Aug 13, 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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