NYSE trade advice (C): US natural gas distribution stock | 6-8% gain | USA stock trading signal on 21 May 2024

Date
May 21, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

Short Term Trading Advice in USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Archrock
  • 20.75 – 21
  • 22 – 22.5
  • Below 20
  • 5% – 7%
  • 15 - 16 Days
  • Buy
    Archrock
  • Buy
    Range
    20.75 – 21
  • Target
    22 – 22.5
  • Stoploss
    Below 20
  • Upside
    Potential
    5% – 7%
  • Trade
    Duration
    15 - 16 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Archrock (NYSE: AROC) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • AROC
  • Archrock
  • Natural Gas Distribution
  • 21.42
  • 8.92
  • NYSE code AROC
  • Stock Name Archrock
  • Sector Natural Gas Distribution
  • 52 Weeks High 21.42
  • 52 Weeks Low 8.92
  • Archrock (NYSE: AROC) vs NYSE - Relative Strength Comparison

    The image compares Archrock's 1-year performance to NYSE.
    Relative Performance - Last 1 Year
    AROC —   NYSE —

  • Archrock (NYSE: AROC) - Technical Analysis (Daily)

    Archrock - Daily Technical Analysis
    Archrock - Daily Technical Analysis

    • The price is in an uptrend and consistently forming Higher Highs and Lows.
    • In this upward journey, price formed a bullish Pole & Flag pattern.
    • After the breakout, a huge upside rally has been seen.
    • Recently with a fresh breakout, supported by the volume, the price is trading at its 52 week high level.
    • It is expected that the price will continue its upmove.
  • Archrock (NYSE: AROC) - RSI Indicator

    Archrock stock analysis based on RSI Indicator
    Archrock - RSI Indicator

    • Current RSI of this stock is 67.23, which indicates the strength of buyers.

  • Archrock (NYSE: AROC) - MACD Indicator

    Archrock stock analysis based on MACD Indicator
    Archrock - MACD Indicator

    • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

  • Archrock (NYSE: AROC) - EMA Crossover

    Archrock stock analysis based on EMA Crossover
    Archrock - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Archrock (NYSE: AROC) Stock Price Forecast

    Based on our premium swing trading recommendations for US stocks, Archrock stock price target will be USD 22 - USD 22.5 in the next 15-16 trading sessions.

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    Stoploss reached. Trade closed.

    2 days
    6 Jun 2024
    21 May 2024
    Loss per
    100,000 SAR
    2 days
    -3,614
    Stop-loss
    6 Jun 2024
    20
    Buy Advice
    21 May 2024
    20.75 – 21
    Target 1
    22
    Target 2
    22.5
    Profit per
    100,000 SAR
    -3,614
    20
    20.75 – 21
    22
    22.5
    2 days
    6 Jun 2024
    21 May 2024
    Loss per
    100,000 SAR
    2 days
    -3,614
    Stop-loss
    6 Jun 2024
    20
    Buy Advice
    21 May 2024
    20.75 – 21
    Target 1
    22
    Target 2
    22.5
    Profit per
    100,000 SAR
    -3,614
    20
    20.75 – 21
    22
    22.5
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Archrock
  • 20.75 – 21
  • 22 – 22.5
  • Below 20
  • 5% – 7%
  • 15 - 16 Days
  • Buy Archrock
  • Buy
    Range
    20.75 – 21
  • Target 22 – 22.5
  • Stoploss Below 20
  • Upside
    Potential
    5% – 7%
  • Trade
    Duration
    15 - 16 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Archrock
  • 20.75 – 21
  • 22 – 22.5
  • Below 20
  • 5% – 7%
  • 15 - 16 Days
  • Buy
    Archrock
  • Buy
    Range
    20.75 – 21
  • Target
    22 – 22.5
  • Stoploss
    Below 20
  • Upside
    Potential
    5% – 7%
  • Trade
    Duration
    15 - 16 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Archrock (NYSE: AROC) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • AROC
  • Archrock
  • Natural Gas Distribution
  • 21.42
  • 8.92
  • NYSE code AROC
  • Stock Name Archrock
  • Sector Natural Gas Distribution
  • 52 Weeks High 21.42
  • 52 Weeks Low 8.92
  • Company profile

    Archrock, Inc., together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services. The company also sells over-the-counter parts and components; and provides operations, major and routine maintenance, overhaul, and reconfiguration services to customers who own compression equipment. It serves integrated and independent oil and natural gas processors, gatherers, and transporters. The company was formerly known as Exterran Holdings, Inc. and changed its name to Archrock, Inc. in November 2015. Archrock, Inc. was founded in 1990 and is headquartered in Houston, Texas.

  • Archrock (NYSE: AROC) vs NYSE - Relative Strength Comparison

    The image compares Archrock's 1-year performance to NYSE.
    Relative Performance - Last 1 Year
    AROC —   NYSE —

  • Archrock (NYSE: AROC) - Technical Analysis (Daily)

    Archrock - Daily Technical Analysis
    Archrock - Daily Technical Analysis

    • The price is in an uptrend and consistently forming Higher Highs and Lows.
    • In this upward journey, price formed a bullish Pole & Flag pattern.
    • After the breakout, a huge upside rally has been seen.
    • Recently with a fresh breakout, supported by the volume, the price is trading at its 52 week high level.
    • It is expected that the price will continue its upmove.
  • Archrock (NYSE: AROC) - RSI Indicator

    Archrock stock analysis based on RSI Indicator
    Archrock - RSI Indicator

    • Current RSI of this stock is 67.23, which indicates the strength of buyers.

  • Archrock (NYSE: AROC) - MACD Indicator

    Archrock stock analysis based on MACD Indicator
    Archrock - MACD Indicator

    • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

  • Archrock (NYSE: AROC) - EMA Crossover

    Archrock stock analysis based on EMA Crossover
    Archrock - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Archrock (NYSE: AROC) Stock Price Forecast

    Based on our premium swing trading recommendations for US stocks, Archrock stock price target will be USD 22 - USD 22.5 in the next 15-16 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website