* uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ] RSI14 is 29 and the stock is currently not being overbought or oversold

Red day on Friday for Array Technologies, Inc. (Updated on July 30, 2021)

Sell candidate since 2021-07-13 Loss -12.98%

The Array Technologies, Inc. stock price fell by -0.51% on the last day (Friday, 30th Jul 2021) from $13.61 to $13.54. and has now fallen 3 days in a row. During the day the stock fluctuated 3.74% from a day low at $13.36 to a day high of $13.86. The price has fallen in 6 of the last 10 days. Volume has increased on the last day by 722 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, 3 million shares were bought and sold for approximately $33.86 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.63 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -25.63% during the next 3 months and, with a 90% probability hold a price between $9.39 and $15.12 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, July 26, 2021, and so far it has risen 3.52%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Array Technologies, Inc. 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 $13.55 and $15.10. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Array Technologies, Inc. finds support from accumulated volume at $13.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.50 between high and low, or 3.74%. For the last week, the stock has had a daily average volatility of 4.72%.

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

Is Array Technologies, Inc. stock A Buy?

Array Technologies, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.058

Predicted Opening Price for Array Technologies, Inc. of Monday, August 2, 2021

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

Fair opening price August 2, 2021 Current price
$13.59 $13.54 (Undervalued)
Sell Candidate Unchanged

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4.72 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $14.23
Price: $13.54
Support: $13.46

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 14.09 4.04 %
13.90 2.63 %
13.78 1.76 %
Current price: 13.54
Support 13.40 -1.07 %
13.28 -1.94 %
13.09 -3.35 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 15.78 16.54 %
14.45 6.72 %
14.23 5.10 %
Current price 13.54
Support 13.46 -0.59%
13.25 -2.14%
13.08 -3.40%

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About Array Technologies, Inc.

Array Technologies Array BioPharma Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of small molecule drugs to treat patients with cancer in North America, Europe, and the Asia Pacific. The company’s drugs in Phase III clinical trials include Binimetinib, Encorafenib, and Selumetinib for the treatment of cancer, as well as ASC08/Danoprevir, a protease inhibitor for hepatitis C virus. Its drug candidates in Phase II cl... Read more

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