RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ARRY
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Stronger technical forecast for Array Technologies, Inc. stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 22, 2024 Gain 8.91% PDF

The Array Technologies, Inc. stock price fell by -1.26% on the last day (Thursday, 28th Mar 2024) from $15.10 to $14.91. During the last trading day the stock fluctuated 5.21% from a day low at $14.58 to a day high of $15.34. The price has risen in 7 of the last 10 days and is up by 25.19% over the past 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 -1 million shares and in total, 4 million shares were bought and sold for approximately $57.98 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $15.07 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.57% during the next 3 months and, with a 90% probability hold a price between $10.26 and $13.48 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ARRY Signals & Forecast

The Array Technologies, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $14.14 and $13.63. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -1.26%. Further fall is indicated until a new bottom pivot has been found. 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 Array Technologies, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $14.10 and $13.64. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Array Technologies, Inc. finds support just below today's level at $14.10. If this is broken, then the next support from accumulated volume will be at $13.64 and $13.40.

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 $0.760 between high and low, or 5.21%. For the last week, the stock has had daily average volatility of 5.02%.

Our recommended stop-loss: $14.30 (-4.08%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ARRY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Array Technologies, Inc. to open at $14.94, and during the day (based on 14 day Average True Range), to move between $14.13 and $15.69, which gives a possible trading interval of +/-$0.785 (+/-5.26%) up or down from last closing price. If Array Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 10.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.09 (1.21%) than the support at $14.10 (5.43%), 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 Array Technologies, Inc. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.065 Buy Candidate Upgraded

Predicted Opening Price for Array Technologies, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$14.94 ( 0.224%) $14.91

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

Trading levels for ARRY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.70 5.32 %
R2 15.41 3.37 %
R1 15.23 2.17 %
Current price: 14.91
Support S1 14.65 -1.72 %
S2 14.47 -2.93 %
S3 14.18 -4.87 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.63 11.54 %
R2 15.44 3.55 %
R1 15.09 1.21 %
Current price 14.91
Support S1 14.10 -5.43%
S2 13.64 -8.52%
S3 13.40 -10.13%

FAQ

What is the symbol for Array Technologies, Inc. Stock and on which exchange is it traded?
The symbol for Array Technologies, Inc. is ARRY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Array Technologies, Inc. Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Array Technologies, Inc. Stock?
Array Technologies, 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 Array Technologies, Inc. Stock.

What's the current price of Array Technologies, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Array Technologies, Inc. (ARRY) share was $14.91.

What is the 52-week high and low for Array Technologies, Inc. Stock?
The 52-week high for Array Technologies, Inc. Stock is $26.64 and the 52-week low is $11.38.

What is the market capitalization of Array Technologies, Inc. Stock?
As of the 2024-03-28, the market capitalization of Array Technologies, Inc. is 2.284B.

When is the next earnings date for Array Technologies, Inc.?
The upcoming earnings date for Array Technologies, Inc. is May 14, 2024.
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About Array Technologies, Inc.

Array Technologies. Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.... ARRY Profile

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