AMERICAN RESOURCES CORP (AREC) Stock Technical Analysis
USA - NASDAQ:AREC - US02927U2087 - Common Stock
Overall AREC gets a technical rating of 8 out of 10. In the last year, AREC was one of the better performers, but we do observe some doubts in the very recent evolution.
AREC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 3.01, a Stop Loss order could be placed below this zone.
More info and screens
2.98
We found 1 important support area.
- A support zone ranging from 3.01 to 3.01. 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 | 98.34 | POSITIVE | AREC has a high relative strength, it outperformed 98.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AREC is below a declining 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) | 48.76 | NEUTRAL | The RSI value for AREC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests AREC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.49 | OVERSOLD | The low Stochastics value suggests AREC may be oversold. |
| Average True Range in percent/ATR (20) | 14.56 | HIGH VOLATILITY | The high ATR as a percentage value for AREC suggests high volalility. |
| Average Directional Index/ADX (14) | 29.57 | POSITIVE | The high ADX value value for AREC suggests a strong 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 |
|---|---|---|---|
| 4.26 | 3.00 | 1.26 (29.58%) | 3.38% |
| An entry @4.26. This is a Buy Stop order right above the 10 day high. | An exit @3.00. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.26 points, which is 29.58%. | When investing 3.38% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
3.54
+0.41 (+13.1%)
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.
What is the trend direction for AREC stock?
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 48.7647. This indicates that the stock is currently neutral.
What is the MACD signal for AMERICAN RESOURCES CORP (AREC) stock?
The MACD indicator for AMERICAN RESOURCES CORP (AREC) has a value of -0.0978722, indicating a bearish trend.
Can you provide the support and resistance levels for AMERICAN RESOURCES CORP?
AMERICAN RESOURCES CORP (AREC) has a support level at 3.01. Check the full technical report for our detailed analysis of AREC support and resistance levels.