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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Arrow Electronics Inc stock upgraded to Hold/Accumulate
(Updated on Nov 08, 2024)

Hold candidate since Nov 08, 2024

The Arrow Electronics Inc stock price fell by -0.98% on the last day (Friday, 8th Nov 2024) from $121.36 to $120.17. During the last trading day the stock fluctuated 1.77% from a day low at $120.17 to a day high of $122.30. The price has been going up and down for this period, and there has been a -9.23% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -34 thousand shares and in total, 276 thousand shares were bought and sold for approximately $33.14 million.

The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $118.56 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Arrow Electronics Inc stock with a 90% probability to be traded between $117.51 and $135.63 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

ARW Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, October 31, 2024, and so far it has risen 1.26%. 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 Arrow Electronics 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 $120.30 and $130.70. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Arrow Electronics Inc stock

Arrow Electronics Inc finds support from accumulated volume at $119.10 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 $2.13 between high and low, or 1.77%. For the last week, the stock has had daily average volatility of 2.39%.

Our recommended stop-loss: $112.93 (-6.03%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (ARW) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect Arrow Electronics Inc to open at $120.88, and during the day (based on 14 day Average True Range), to move between $116.62 and $123.72, which gives a possible trading interval of +/-$3.55 (+/-2.96%) up or down from last closing price. If Arrow Electronics Inc takes out the full calculated possible swing range there will be an estimated 5.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $121.03 (0.72%) than the support at $119.10 (0.89%), 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 Electronics Inc stock A Buy?

Arrow Electronics 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: -0.907 Hold/Accumulate Upgraded

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Predicted Fair Opening Price

Predicted fair opening price on November 11, 2024 - $120.88 ( 0.589%).

Trading levels for ARW

Fibonacci Support & Resistance Levels

Level Price
R3 123.00 2.36%
R2 122.19 1.68%
R1 121.69 1.26%
Price 120.17
S1 120.07 -0.0861%
S2 119.57 -0.503%
S3 118.75 -1.18%

Accumulated Volume Support & Resistance Levels

Level Price
R3 131.64 9.54%
R2 129.28 7.58%
R1 121.03 0.716%
Price 120.17
S1 119.10 -0.89%
S2 118.87 -1.08%
S3 118.67 -1.25%

ARW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 17, 1986 Dec 17, 1986 Dec 17, 1986 $0.0500 1.63%
2 Sep 18, 1986 Sep 18, 1986 Sep 18, 1986 $0.0250 0.741%
3 Jun 19, 1986 Jun 19, 1986 Jun 19, 1986 $0.0250 0.519%
4 Mar 20, 1986 Mar 20, 1986 Mar 20, 1986 $0.0250 0.310%
5 Dec 19, 1985 Dec 19, 1985 Dec 19, 1985 $0.0250 0.345%

FAQ

What is the symbol for Arrow Electronics Inc Stock and on which exchange is it traded?
The symbol for Arrow Electronics Inc is ARW and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Arrow Electronics Inc Stock?
Arrow Electronics 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.

How to buy Arrow Electronics Inc Stock?
Arrow Electronics Inc 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 Electronics Inc Stock.

What's the current price of Arrow Electronics Inc Stock?
As of the end of day on the Nov 08, 2024, the price of an Arrow Electronics Inc (ARW) share was $120.17.

What is the 52-week high and low for Arrow Electronics Inc Stock?
The 52-week high for Arrow Electronics Inc Stock is $137.79 and the 52-week low is $108.57.

What is the market capitalization of Arrow Electronics Inc Stock?
As of the Nov 08, 2024, the market capitalization of Arrow Electronics Inc is 6.321B.

When is the next earnings date for Arrow Electronics Inc?
The upcoming earnings date for Arrow Electronics Inc is Feb 13, 2025.
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ABOUT ARROW ELECTRONICS INC
Arrow Electronics
Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-m...
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