AMERICAN RESOURCES CORP (AREC) Technical Analysis
NASDAQ:AREC • US02927U2087
We assign a technical rating of 8 out of 10 to AREC. AREC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, AREC did better than 99% of all other stocks. We also observe that the gains produced by AREC over the past year are nicely spread over this period.
- AREC is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. AREC outperforms 99% of them.
- AREC has an average volume of 4431600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- AREC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AREC is lagging the market slightly.
- In the last month AREC has a been trading in the 2.72 - 3.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
AREC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.17, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AREC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.92
2 important support areas can be observed.
- A support zone ranging from 3.08 to 3.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.95 to 2.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 3.29 to 3.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for AREC is neutral. |
| ChartMill Relative Strength | 99.41 | POSITIVE | AREC has a high relative strength, it outperformed 99.41% 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) | 52.89 | NEUTRAL | The RSI value for AREC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests AREC has a positive trend. |
| Stochastics (14,3) | 64.85 | NEUTRAL | The Stochastics value for AREC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.28 | HIGH VOLATILITY | The high ATR as a percentage value for AREC suggests high volalility. |
| Average Directional Index/ADX (14) | 17.87 | NEGATIVE | The low ADX value for AREC suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.32 | 3.07 | 0.25 (7.53%) | 13.28% |
| An entry @3.32. This is a Buy Stop order right above the resistance zone. | An exit @3.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.25 points, which is 7.53%. | When investing 13.28% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of AREC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
AREC Technicals: Chart, Performance Metrics, Trend & Indicators
3.28
+0.14 (+4.46%)
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 52.8895. 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 0.0273647, indicating a bearish trend.
What is the support and resistance level for AREC stock?
AMERICAN RESOURCES CORP (AREC) has a support level at 3.17 and a resistance level at 3.29. Check the full technical report for our detailed analysis of AREC support and resistance levels.