Solar tracking technology company Array Technologies ( ARRY) is set to report its latest quarterly numbers to shareholders after the close of trading Tuesday. Let's see if the sun is shining on the charts.
In the daily bar chart of ARRY, below, I see a soft-looking picture. Share prices have declined below the 200-day moving average line. The slope of the 50-day moving average line is negative. Trading volume shows an increase the past three months as prices corrected to the downside. Traders seem to be voting with their feet.
The On-Balance-Volume (OBV) line shows weakness from the middle of January suggesting that sellers of ARRY are more aggressive than buyers. The Moving Average Convergence Divergence (MACD) oscillator is below the zero line in sell territory for this trend-following indicator. 
In the weekly Japanese candlestick of ARRY, below, I see a bottom pattern playing out from the middle of 2021. The shares are currently below the 40-week moving average line.
The weekly OBV line shows weakness the past two years. The MACD oscillator is weakening and just slightly above the zero line.
In this daily Point and Figure chart of ARRY, below, I see a potential downside price target in the $16 area.
In this weekly Point and Figure chart of ARRY, below, I see a price target in the $14 area.
Bottom-line strategy: I have no special knowledge of what ARRY will tell shareholders Tuesday evening but the charts are not poised for a rally, in my opinion. Buyers should be able to purchase shares of ARRY at better levels in the weeks ahead.
