AMERICAN RESOURCES CORP (AREC) Stock Technical Analysis
NASDAQ:AREC - Nasdaq - US02927U2087 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to AREC. Both in the recent history as in the last year, AREC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that AREC is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, AREC also shows a nice and consistent pattern of rising prices.
AREC is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry. AREC outperforms 98% of them.
AREC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AREC is lagging the market slightly.
In the last month AREC has a been trading in the 1.00 - 1.63 range, which is quite wide. It is currently trading near the high of this range.
AREC has an average volume of 2153860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although AREC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.61
1.63
3 important support areas can be observed.
- Support @1.10 from a trend line in the daily time frame.
- Support @0.96 from a trend line in the daily time frame.
- Support @0.62 from a horizontal line 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 | UP | POSITIVE | The long term trend for AREC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AREC is up. |
| ChartMill Relative Strength | 98.2 | POSITIVE | AREC has a high relative strength, it outperformed 98.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AREC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AREC is above the rising 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) | 67.42 | NEUTRAL | The RSI value for AREC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AREC has a positive trend. |
| Stochastics (14,3) | 64.18 | NEUTRAL | The Stochastics value for AREC is a neutral value. |
| Average True Range in percent/ATR (20) | 10.89 | HIGH VOLATILITY | The high ATR as a percentage value for AREC suggests high volalility. |
| Average Directional Index/ADX (14) | 32.06 | POSITIVE | The high ADX value value for AREC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.61
+0.31 (+23.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg23.85%
1 Week36.44%
2 Weeks33.06%
1 Month37.61%
3 Month90.37%
6 Month135.17%
12 Month234.37%
2 Year21.97%
3 Year-51.51%
5 Year27.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%10.89%
ATR Inc53.96%
Range Today0.32
ADR(20)0.17
ADR(20)%10.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.2
Mansfield7.58
10 Day High1.63
10 Day Low1
20 Day High1.63
20 Day Low1
52 Week High1.68
52 Week Low0.38
CS1 End1.1
CR1 StartN/A
Volume & EV
DER(3)3.33%
DER(5)3.58%
Volume4.70M
Volume Incr18.2%
Vol(5)2.66M
Vol(50)2.15M