Arlo Technologies' 15min Chart Triggers KDJ Death Cross, Bearish Marubozu Signal.

The 15-minute chart for Arlo Technologies recently exhibited a KDJ Death Cross and a Bearish Marubozu pattern on October 3rd, 2023, at 11:30 AM. This indicates a shift in the momentum of the stock price towards the downside, with potential for further decreases in value. Sellers currently dominate the market, and it is likely that this bearish momentum will persist.

On October 3rd, 2023, at 11:30 AM, the 15-minute chart for Arlo Technologies (NYSE:ARLO) exhibited a KDJ Death Cross and a Bearish Marubozu pattern, signaling a shift in the stock's momentum towards the downside. This technical indicator suggests that the stock price is likely to experience further decreases in value, with sellers currently dominating the market.

The KDJ Death Cross, which is a combination of the Kijun Sen and Tenkan Sen lines crossing, is often interpreted as a sell signal, indicating a potential reversal in the stock's trend. The Bearish Marubozu pattern, characterized by a long white body candle with no shadows, signifies strong bearish momentum and is typically followed by a decline in stock price.

Following this pattern, Arlo Technologies stock traded up $0.14 during midday trading on Thursday, reaching $17.06. The stock had a trading volume of 1,051,351 shares, compared to its average volume of 1,365,430. The stock has a 50-day simple moving average of $17.18 and a 200-day simple moving average of $14.56. Arlo Technologies, Inc. has a 12-month low of $7.84 and a 12-month high of $19.25. The stock has a market cap of $1.78 billion, a P/E ratio of -243.61, and a beta of 1.72.

The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.02. Revenue for the quarter was $129.41 million, compared to the consensus estimate of $123.33 million. Arlo Technologies had a negative return on equity of 6.69% and a negative net margin of 1.38%. The business's revenue for the quarter was up 1.6% on a year-over-year basis.

Equities analysts have set a consensus price target of $23.00 for Arlo Technologies, with some analysts upgrading their ratings to "strong-buy." However, recent insider selling, including transactions by the CEO and General Counsel, has raised questions about the stock's potential future performance.

On October 2nd, 2023, Arlo Technologies CEO Matthew Blake Mcrae sold 95,430 shares, reducing his ownership by 5.18%. The stock was sold at an average price of $16.99, for a total value of $1,621,355.70. Following the sale, the CEO directly owned 1,747,591 shares of the company's stock, valued at $29,691,571.09. Additionally, General Counsel Brian Busse sold 9,171 shares for a total of $155,815.29, reducing his ownership by 1.35%.

Institutional investors have also shown interest in Arlo Technologies, with several large investors increasing their stakes in the company. First Horizon Advisors Inc. increased its position by 161.4% during the second quarter, and GAMMA Investing LLC increased its position by 40.9% during the first quarter.

Despite the recent insider selling and bearish technical indicators, Arlo Technologies continues to maintain a market cap of $1.78 billion and a consensus rating of "Buy" among analysts. However, the company's stock price has been volatile, with a 50-day simple moving average of $17.18 and a 200-day simple moving average of $14.56.