Arrow Electronics Inc Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
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Risk Assessment |
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Trading Strategy |
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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
# | 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
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