|
News Image

NYSE:AR may be ready to breakout.

By Mill Chart

Last update: Sep 15, 2023

Our stock screener has flagged ANTERO RESOURCES CORP (NYSE:AR) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NYSE:AR for potential movement.

AR Daily chart on 2023-09-15

Zooming in on the technicals.

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Overall AR gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AR is only an average performer.

  • Both the short term and long term trends are positive. This is a very positive sign.
  • In the last month AR has a been trading in the 25.50 - 28.25 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
  • When compared to the yearly performance of all other stocks, AR outperforms 42% of them, which is more or less in line with the market.
  • AR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AR is lagging the market.

Our latest full technical report of AR contains the most current technical analsysis.

How do we evaluate the setup for NYSE:AR?

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:AR scores a 9 out of 10:

AR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 27.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AR in the last couple of days, which is a good sign.

How to trade NYSE:AR?

To potentially initiate a trade, it is common practice to wait for the stock to break out of the consolidation zone. This breakout signifies a potential upward movement, and traders may enter the stock at that point. Conversely, if the stock falls back below the consolidation zone, it may be sold at a loss.

Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.

Back

ANTERO RESOURCES CORP

NYSE:AR (12/8/2023, 7:04:00 PM)

After market: 21.02 +0.1 (+0.48%)

20.92

-0.08 (-0.38%)

AR News

News Imagea day ago - Market News VideoAntero Resources Moves Up In Market Cap Rank, Passing Whirlpool
News Image3 days ago - Market News VideoNotable Thursday Option Activity: AR, NKLA, JBLU
News Image3 days ago - Market News VideoJanuary 2024 Options Now Available For Antero Resources (AR)
News Image6 days ago - Seeking AlphaAntero Resources cut, CNX Resources raised at Truist (NYSE:AR)

Antero Resources (AR) -3.6% in Monday's trading as Truist Securities downgraded the stock to Hold from Buy with a $28 price target, cut from $37, saying the com

News Image10 days ago - Market News VideoJanuary 2024 Options Now Available For Antero Resources (AR)
News Image24 days ago - Market News VideoNotable Thursday Option Activity: AR, RS, SO
News Image24 days ago - Market News VideoThursday Sector Laggards: Oil & Gas Exploration & Production, Auto Dealerships
News Imagea month ago - InvestorPlace3 Energy Stocks to Buy for the Winter Months

Winter is coming, and these three energy stocks, boasting robust financial performance, might be good to have in your portfolio.

News Imagea month ago - Market News VideoAR December 29th Options Begin Trading
News Imagea month ago - Seeking AlphaNatural gas surges to cap 22% October gain, most in more than a year (NYSEARCA:UNG)

Changing weather forecasts continue to drive gains in US natural gas futures, which jumped 22% in October, reaching their highest settlement value since mid-January.

News Image2 months ago - Antero Resources CorporationAntero Resources Announces Third Quarter 2023 Financial and Operating Results and Increased Production Guidance

/PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero Resources," "Antero," or the "Company") today announced its third quarter 2023 financial and...

News Image2 months ago - Seeking AlphaAntero Resources double upgraded at Raymond James on strong free cash flow view (NYSE:AR)

Antero Resources receives a double upgrade from Raymond James and stands to benefit from rising commodity prices, improving free cash flow.

AR Links
Follow us for more