AMERICAN RESOURCES CORP (AREC) Technical Analysis
NASDAQ:AREC • US02927U2087
Current stock price
AREC Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to AREC. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- AREC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- AREC has an average volume of 2723810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that AREC is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- AREC is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 67% of 209 stocks in the same industry.
- In the last month AREC has a been trading in the 2.00 - 2.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AREC Weekly and Daily overview Charts
AREC Setup Rating and Analysis
Although the technical rating is bad, AREC does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
AREC Support and Resistance Analysis
2.11
When analyzing the support we can see 2 important areas.
- Support @2.19 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.13 to 2.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.41 to 2.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.51 from a trend line in the daily time frame.
- A resistance zone ranging from 2.65 to 2.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
AREC Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for AREC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AREC is down. |
| ChartMill Relative Strength | 87.85 | POSITIVE | AREC has a high relative strength, it outperformed 87.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AREC is above 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 | MIXED | The current price of AREC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.23 | NEUTRAL | The RSI value for AREC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests AREC has a positive trend. |
| Stochastics (14,3) | 65.67 | NEUTRAL | The Stochastics value for AREC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.51 | HIGH VOLATILITY | The high ATR as a percentage value for AREC suggests high volalility. |
| Average Directional Index/ADX (14) | 27.29 | POSITIVE | The high ADX value value for AREC suggests a strong trend. |
AREC Chart- and CandleStick Pattern Analysis
AREC Technicals: Chart, Performance Metrics, Trend & Indicators
2.4
+0.05 (+2.13%)
AMERICAN RESOURCES CORP / AREC TA 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 current trend direction of AMERICAN RESOURCES CORP (AREC) stock?
The current trend direction for AMERICAN RESOURCES CORP (AREC) is Bearish.
What is the RSI signal for AMERICAN RESOURCES CORP (AREC) stock?
AMERICAN RESOURCES CORP (AREC) has an RSI value of 47.2258. This indicates that the stock is currently neutral.
What is the buy/sell signal for AMERICAN RESOURCES CORP (AREC) stock?
The buy/sell signal for AMERICAN RESOURCES CORP (AREC) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for AMERICAN RESOURCES CORP (AREC) stock?
AMERICAN RESOURCES CORP (AREC) has a support level at 2.19 and a resistance level at 2.41. Check the full technical report for our detailed analysis of AREC support and resistance levels.