Arrow Financial Corporation Forecast and Stock Analysis
Technical AROW stock analysis for April 24, 2019.
Arrow Financial Corporation fell by -2.28% in the last day from $33.77 to $33.00 The price has been going up and down for this period, and there has been a -0.75% loss for the last 2 weeks. Volume has increased in the last day by 18 238 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 27 235 shares bought and sold for approximately $898 755.00.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the AROW stock was $33.00. This is 2.28% less than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 2.10% from a day low at $33.00 to a day high of $33.69.
30 day high of the AROW stock price was $34.58 and low was $31.60.
90 day high was $36.25 and low was $30.46.
52 week high for the Arrow Financial Corporation - $40.15 and low - $30.45.
Given the current horizontal trend you can expect Arrow Financial Corporation with 90% probability to be traded between $30.83 and $35.36 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are few to none technical positive signals at the moment. Arrow Financial Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $33.78 and $33.60. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday April 23, 2019, which indicates further falls until a new bottom pivot has been found. Arrow Financial Corporation gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
RSI14 is 49 and the stock is currently not being overbought or oversold
Support & Resistance
Arrow Financial Corporation finds support from accumulated volume at $31.85.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.69 (2.10%) between high and low. For the last week, the stock has had a daily average volatility of 2.21%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Arrow Financial Corporation holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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|AROW $33.00 ($-0.77 -2.28%)|
AROW is down $0.77 today, but where's it headed in 2019?
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