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Weaker Hold
Today ARRY ranks #10460 as hold candidate. Get a Free Stock at Robinhood
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Array Technologies, Inc. Stock Forecast NASDAQ:ARRY

$18.00 (3.09%)

Volume: 3M

Closed: Dec 07, 2021

Hollow Logo Score: -0.312

Array Technologies, Inc. Stock Forecast

$18.00 (3.09%)

Volume: 3M

Closed: Dec 07, 2021

Score Hollow Logo -0.312
Which way will ARRY go? Request
Stop-loss: $17.16 (-4.64%)
Key Stats
Beta 2.33
* 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 - 80 ] The Array Technologies, Inc. stock currently holds an RSI14 at 18 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Array Technologies, Inc. stock upgraded to Hold/Accumulate.
(Updated on Dec 07, 2021)


Hold candidate since 2021-12-07

The Array Technologies, Inc. stock price gained 3.09% on the last trading day (Tuesday, 7th Dec 2021), rising from $17.46 to $18.00. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.93% from a day low at $17.92 to a day high of $18.63. The price has been going up and down for this period, and there has been a -25.68% 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, 981 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $54.10 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.02 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.81% during the next 3 months and, with a 90% probability hold a price between $20.57 and $34.13 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 6.70%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 $18.36 and $21.36. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Array Technologies, Inc. finds support from accumulated volume at $17.65 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.70 between high and low, or 3.93%. For the last week, the stock has had a daily average volatility of 7.09%.

Array Technologies, Inc. is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $17.16 (-4.64%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 18 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)

Is Array Technologies, Inc. stock A Buy?

Array Technologies, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.312

Predicted Opening Price for Array Technologies, Inc. of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$18.18 $18.00 (Undervalued)
Hold/Accumulate Upgraded

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Volatility and Risk
Daily Average Volatility: 7.09 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.09 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $18.02
Price: $18.00
Support: $17.65

ARRY Insider Trading Show all Trades

INSIDER POWER

0.0093

Last 50 transactions
Buy: 1 113 858 | Sell: 119 994 467 (Shares)
Date Action Amount Person Type
Aug 25, 2021 Buy 10 200 Schmid Gerrard Common Stock, par value $0.001 per share
Aug 20, 2021 Buy 14 193 Cheraso Jennifer K. Common Stock, par value $0.001 per share
Aug 20, 2021 Buy 54 924 Krantz Jeffrey P. Common Stock, par value $0.001 per share
Aug 20, 2021 Buy 25 349 Bolland Stuart M. Common Stock, par value $0.001 per share
Aug 20, 2021 Buy 23 686 Patel Nipul M. Common Stock, par value $0.001 per share
Show all Insider Trades
INSIDER POWER

0.0093

Last 50 transactions
Buy: 1 113 858 | Sell: 119 994 467 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 18.89 4.93 %
18.62 3.43 %
18.45 2.51 %
Current price: 18.00
Support 17.91 -0.49 %
17.75 -1.41 %
17.48 -2.91 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 18.87 4.83 %
18.66 3.67 %
18.02 0.0833 %
Current price 18.00
Support 17.65 -1.94%
17.63 -2.06%
16.87 -6.28%

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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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