Time to give Arrow Financial Corp. (NASDAQ:AROW) a wide berth?


Shares of Arrow Financial Corporation (NASDAQ:AROW) are currently poised at 0.00% from the open today and are trading at $32.30. More than 0 shares have exchanged hands compared to an average trading volume of 21.04K. At the current pps, the market cap stands at $440.25M. The stock prices of Arrow Financial Corporation (NASDAQ:AROW) are currently trading at -22.54% below its 52 week high and 18.10% above its 52 week low.

Arrow Financial Corporation (NASDAQ:AROW) has been in the news for all the right reasons. Recently, Arrow Financial Corporation (NASDAQ:AROW) declared a quarterly cash dividend of $0.25 per share payable June 15, 2017, to shareholders of record June 2, 2017. This represents an increase of 3% over the cash dividend paid in the second quarter of 2016, as a result of the 3% stock dividend distributed September 29, 2016.

Arrow Financial Corporation (NASDAQ:AROW) is all set to announce its earnings on Apr 26. As per Zack’s analyst ratings, Arrow Financial Corporation (NASDAQ:AROW) currently has an average brokerage rating of . On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:AROW) is $ with a high of $ and a low of $.

Let’s take a look at the technical analysis.

The Barchart Technical Opinion rating is a 96% Sell with a Average short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend. The market is approaching oversold territory. Be watchful of a trend reversal.

The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oil prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The 5 day EMA 32.48 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 33.98 is also higher than the current trading price depicting a bearish trend overall.

The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 38.49 suggesting a bearish price action.

As such, while we believe Arrow Financial Corporation (NASDAQ:AROW) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.

Arrow Financial Corporation is registered as a bank holding company. They own two nationally chartered banks, Glens Falls National Bank and Trust Company, and Saratoga National Bank and Trust Company, as well as two non-bank subsidiaries, the operations of which are not significant. They own directly or indirectly all voting stock of all its subsidiaries. The business of the Company consists primarily of the ownership, supervision and control of its bank subsidiaries.

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