Stock Price Prediction

Analysis and Insights

News Impact Analysis:

1. Distribution Agreement with CrowdStrike: Arrow Electronics (ARW) announced a partnership with CrowdStrike to distribute their Falcon cybersecurity platform. While this could expand ARW's offerings, the market reaction was muted, with CRWD's shares dropping 2% post-announcement.

2. Government Contract Payment: ARW received an $8M payment from the Department of Health and Human Services, part of $180M awarded over the past year. This indicates steady government revenue but may not significantly impact ARW's stock price.

3. Insider and Institutional Activity: Insider trading shows two sales and no purchases in six months, while institutions are mixed (193 added shares, 280 decreased). This suggests cautious sentiment.

Technical Analysis:

• RSI: ARW's RSI (45.15 for RSI_6) is neutral, not indicating oversold conditions.
• MACD: The MACD (-2.23) and MACD Histogram (-0.26) suggest a bearish trend.
• Moving Averages: ARW is below its 50-day and 200-day moving averages, a bearish signal.
• Fibonacci Levels: Pivot at 105.54, resistance at 108.52 and 110.37, support at 102.56 and 100.72.

Price Action:

ARW closed at 106.12 on 3/17 with a 0.98% gain. Pre-market shows a 0.46% increase, indicating mild positivity.

Conclusion:

ARW faces resistance at 108.52 and support at 102.56. The bearish MACD and moving averages suggest weakness, but RSI neutrality indicates potential stabilization. The stock may test support or see a slight rebound.

Prediction: ARW may trade between 102.56 and 108.52 next week. The bearish indicators suggest a possible drop to 102.56, but if support holds, a rebound to 107.80 is possible.

Recommendation: Consider selling if resistance at 108.52 is tested, as upside seems limited. If support at 102.56 holds, a buy could be considered for a rebound.