We assign a technical rating of 8 out of 10 to AREC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AREC is showing a nice and steady performance.
Although AREC has an excellent technical rating, it does not offer a high 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.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.71 to 2.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.45 from a trend line in the weekly time frame.
- Support @2.30 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @3.47 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 | 99.03 | POSITIVE | AREC has a high relative strength, it outperformed 99.03% 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) | DOWN | MIXED | The current price of AREC is above 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) | 61.33 | NEUTRAL | The RSI value for AREC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests AREC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.63 | OVERBOUGHT | The high Stochastics value suggests AREC may be overbought. |
| Average True Range in percent/ATR (20) | 7.7 | HIGH VOLATILITY | The high ATR as a percentage value for AREC suggests high volalility. |
| Average Directional Index/ADX (14) | 14.84 | NEGATIVE | The low ADX value for AREC suggests a weak or negative trend. |
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-0.07 (-2.03%)
AMERICAN RESOURCES CORP / AREC FAQ
Can you provide the ChartMill technical rating for AMERICAN RESOURCES CORP?
ChartMill assigns a technical rating of 8 / 10 to AREC.
Can you provide the trend direction for AMERICAN RESOURCES CORP?
The current trend direction for AMERICAN RESOURCES CORP (AREC) is Bullish.
What is the RSI signal for AREC stock?
AMERICAN RESOURCES CORP (AREC) has an RSI value of 61.3307. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMERICAN RESOURCES CORP?
The MACD indicator for AMERICAN RESOURCES CORP (AREC) has a value of 0.131031, indicating a bearish trend.
What is the support and resistance level for AREC stock?
AMERICAN RESOURCES CORP (AREC) has a support level at 2.71 and a resistance level at 3.47. Check the full technical report for our detailed analysis of AREC support and resistance levels.