AMERICAN RESOURCES CORP (AREC) Stock Technical Analysis
NASDAQ:AREC - Nasdaq - US02927U2087 - Common Stock - Currency: USD
Taking everything into account, AREC scores 8 out of 10 in our technical rating. In the last year, AREC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
AREC is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. AREC outperforms 94% of them.
In the last month AREC has a been trading in the 0.61 - 1.08 range, which is quite wide. It is currently trading near the high of this range.
AREC has an average volume of 7099840 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 95% of all stocks. However, this relatively good performance is mostly due to a recent big move.
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.
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 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.
More info and screens
0.99
1.33
We can see 2 important resistance areas.
- Resistance @1.23 from a trend line in the weekly time frame.
- Resistance @1.32 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 | NEUTRAL | NEUTRAL | The long term trend for AREC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AREC is up. |
| ChartMill Relative Strength | 95.94 | POSITIVE | AREC has a high relative strength, it outperformed 95.94% 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) | 63.35 | 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) | 78.11 | NEUTRAL | The Stochastics value for AREC is a neutral value. |
| Average True Range in percent/ATR (20) | 12.47 | HIGH VOLATILITY | The high ATR as a percentage value for AREC suggests high volalility. |
| Average Directional Index/ADX (14) | 22.26 | NEUTRAL | The ADX value for AREC suggests a possible start of a new 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)
0.9991
+0.06 (+6.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg6.29%
1 Week39.93%
2 Weeks44.8%
1 Month12.49%
3 Month99.82%
6 Month-6.63%
12 Month36.99%
2 Year-49.03%
3 Year-31.1%
5 Year-15.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%12.47%
ATR Inc10.01%
Range Today0.17
ADR(20)0.12
ADR(20)%11.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.94
Mansfield2.43
10 Day High1.08
10 Day Low0.63
20 Day High1.08
20 Day Low0.61
52 Week High1.68
52 Week Low0.38
CS1 EndN/A
CR1 Start1.23
Volume & EV
DER(3)-0.36%
DER(5)4.25%
Volume2.03M
Volume Incr15.22%
Vol(5)2.30M
Vol(50)7.10M