Technical Analysis of ANTERO RESOURCES CORP(NYSE:AR) stock

Technical Rating

Overall AR gets a technical rating of 0 out of 10. AR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

AR has an average volume of 5391180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month AR has a been trading in the 20.05 - 24.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

87% of all other stocks performed better in the past year than AR.

AR is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 79% of 375 stocks in the same industry do better.

AR is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so AR is lagging the market.

Statistics

1 Month

3 Months

6 Months

12 Months

-5.74%

-21.23%

-41.86%

-51.56%

SMA(20)

SMA(50)

SMA(100)

SMA(200)

52 Wk Range

ST Trend

LT Trend

13.51

20.055 - 48.8

Support/Resistance Analysis

20.89

24.13

We found 1 important support area.

A support zone ranging from 21.10 to 21.42. This zone is formed by a combination of multiple trend lines in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 23.34 to 23.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

The technical rating of AR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

ANTERO RESOURCES CORP

NYSE:AR (5/26/2023, 7:10:33 PM)

After market: 21.66 -0.01 (-0.05%)

21.67

-0.87 (-3.86%)

Chartmill TA Rating

Chartmill Setup Rating

Sector

GICS SectorEnergy

GICS IndustryOil, Gas & Consumable Fuels

Performance

% Chg-3.86%

1 Week-8.57%

2 Weeks-0.14%

1 Month-5.74%

3 Month-21.23%

6 Month-41.86%

12 Month-51.56%

Volatility

ATR(14)0.93

ATR(20)%4.45%

ATR Inc3.77%

Range Today1.01

Trend & SMA

ST Trend

LT Trend

SMA(5)

SMA(10)

SMA(20)

SMA(50)

SMA(100)

SMA(200)

Relative Strength & Ranges

CRS13.51

Mansfield-3.52

10 Day High24.59

10 Day Low21.55

20 Day High24.59

20 Day Low20.06

52 Week High48.8

52 Week Low20.06

CS1 End21.42

CR1 Start23.34

Volume & EV

DER(3)-4.06%

DER(5)-2.05%

Volume5.77M

Volume Incr-20.85%

Vol(5)4.83M

Vol(50)5.39M

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ANTERO RESOURCES CORP (AR)

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Support/Resistance Analysis

Setup Analysis

Setup Rating

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