Arraytechnologies — Trading Ideas on TradingView

Array Technologies receives buy rating from Citibank Array Technologies, Inc., a leading manufacturer of solar trackers, recently received positive remarks from Citibank, boosting investor confidence. Despite facing current operational challenges, including the firing of its CFO, increased transportation costs, project delays, and inflation pressures impacting margins, Citibank has upgraded Array Technologies' stock from neutral to "buy." Analysts underscore the company's long-term growth potential, particularly highlighting its innovative smart system launched in spring 2024, which leverages weather forecasts to protect solar panels from hail damage. Technical analysis of Array Technologies, Inc. (NASDAQ: ARRY) Let’s review the potential trading opportunities based on the technical aspects of Array Technologies' stock: Timeframe : Daily (D1) Current trend : An uptrend is beginning to form, indicating potential for significant growth. Resistance level : 12.05 USD Support level : 9.40 USD Potential downtrend target : Should the stock enter a downtrend, the downside target could be around 6.50 USD Short-term target : If the uptrend continues and the stock breaches the resistance at 12.05 USD, a short-term target could be set at 16.30 USD Medium-term target : With sustained positive momentum, the stock price might aim for 20.15 USD Investors should keep a close eye on Array Technologies, particularly as the market responds to Citibank's positive assessment. The company's strategic initiatives to navigate current challenges and its innovations in solar technology suggest a positive outlook. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ARRY potential buy setup Reasons for bullish bias: - Price is at strong weekly support - Super positive Earnings - Safe Entry will be above 16.34 Entry Level(CMP): 14.10 Stop Loss Level: 12.32 Take Profit Level 1: 15.88 Take Profit Level 2: Open

Array Technologies Opportunity Array Technologies - NASDAQ:ARRY Aksel Kibar from TechCharts was the first to cover this trade and after looking over his brilliant analysis which I highly recommend you review, I have added some of my own observations. - Price is above the 200 DSMA & POC giving us good underside support and good areas thereunder to place a stop. - My targets align closely with Aksel's targets, however I have used Fibonacci Extensions and amazingly these line up nicely with the pattern targets outlined by Aksel. Targets Range: $34 - $43. Additional - The DSS has crossed. Every past time this has happened we have had a min 18% to 100% + move. We could get another rejection here from the upper purple boundary as we have had that 18%+ already however given the H&S set up, DSS cross and the ascending triangle we are in now, we would likely bounce off the POC/200DSMA in the event off and continue the ascent (no guarantees of course) - The OBV underside resistance line has provided a significant bounce in the past (green circle) and this could be where we launch again from now and with some luck break through the upper OBV resistance line which would be a nice confirmation. What is Array Technologies? Headquartered in Albuquerque, New Mexico the company have manufacturing sites in Brazil and Spain which provide essential solar farming products through their many regional offices around the globe. With a market cap of $3.3 Billion this Solar Product and Tracking company is small but has incredible potential. The company offers four main products that allow for the build of highly weather durable solar panels that can be erected on very rough and uneven terrain without having to complete landscaping. They have refined their software and durable gearing mechanisms to maximize solar efficiency. The company hold the patents to these unique offerings. AS recently as yesterday Array got an overall rating of 63 from Investors Observer. This means that it scores higher than 63% of stocks. Array also gets a 69 rank in the Technology sector. From reading a little about the founder Ron Corio and the history of the company, it is clear that since inception in 1989 they have been reinvesting profits to expand their products and reach. Corio stepped down as CEO before the 2022 IPO and resigned from the board simultaneously becoming New Mexico's first billionaire and being named the Ron of Solar. The recent IPO in 2022 was a further signal of the company's expansion vision. It will be fascinating to see how the company performs and how our chart progresses over the coming weeks and months PUKA

Possible Bullish pattern on ARRY Nice and pretty strong pattern is forming on the weekly time frame on ARRY- Array Technologies, the one called Ascending Triangle pattern. The formation is clearly visible with three confirmations already made at the top, and the best part, once it reaches the bottom line of the formation the drop is getting smaller and smaller. Things to consider and watch: 1. Perfect entry point for me would be break of the upper line of the Ascending Pattern formation, sitting at price range from $23.76 to $24. 2. My stop loss would be a bit larger, sitting at $20, but I would be eager to act and move it up as the price goes up as well( of course if this happens). 3. First potential exit or adding to the position, depending on the price action, will be at level sitting at $27.88. 4. One of the best points in price, for potential take profit taking and the level I will be considering as the end of the Ascending Triangle pattern is sitting at range from $40 to $42.5 price level. 5. I have doubt about exiting the trade if it reaches the potential price of the pattern at $42.5, because the ATH price level will be just there, so I will surely let the price action tell me what to do and when to do it. Of course, this is just my two cents. Please do your due diligence before investing.

$ARRY POTENTIAL LONG FROM £18 Array Technologies Inc: Install the world's premier solar tracker easily, affordably and quickly in more places. Minimize environmental impact with reduced earthwork activities and grading costs. $ARRY has been up trending since weeks, now testing support again. Today's FED meeting will give us a clear vision on equities future, this setup is only valid if FED remains dovish.