Overall AREC gets a technical rating of 2 out of 10. Although AREC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of AREC 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.
More info and screens
2.11
We found 1 important resistance area.
- A resistance zone ranging from 2.64 to 2.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for AREC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AREC is down. |
| ChartMill Relative Strength | 91.19 | POSITIVE | AREC has a high relative strength, it outperformed 91.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AREC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AREC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AREC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.94 | NEUTRAL | The RSI value for AREC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests AREC has a negative trend. |
| Stochastics (14,3) | 3.94 | OVERSOLD | The low Stochastics value suggests AREC may be oversold. |
| Average True Range in percent/ATR (20) | 14.02 | HIGH VOLATILITY | The high ATR as a percentage value for AREC suggests high volalility. |
| Average Directional Index/ADX (14) | 13 | NEGATIVE | The low ADX value for AREC suggests a weak or negative trend. |
2.13
-0.22 (-9.36%)
AMERICAN RESOURCES CORP / AREC FAQ
Can you provide the ChartMill technical rating for AMERICAN RESOURCES CORP?
ChartMill assigns a technical rating of 2 / 10 to AREC.
What is the trend direction for AREC stock?
The current trend direction for AMERICAN RESOURCES CORP (AREC) is Bearish.
What is the RSI signal for AREC stock?
AMERICAN RESOURCES CORP (AREC) has an RSI value of 34.9363. This indicates that the stock is currently neutral.
What is the MACD signal for AMERICAN RESOURCES CORP (AREC) stock?
The MACD indicator for AMERICAN RESOURCES CORP (AREC) has a value of -0.0435352, indicating a bearish trend.
Can you provide the support and resistance levels for AMERICAN RESOURCES CORP?
AMERICAN RESOURCES CORP (AREC) has a resistance level at 2.64. Check the full technical report for our detailed analysis of AREC support and resistance levels.