APPROACH RESOURCES INC (AREX) Technical Analysis
NASDAQ:AREX
Current stock price
AREX Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to AREX. AREX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, AREX is a bad performer in the overall market: 100% of all stocks are doing better.
- AREX is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so AREX is lagging the market.
- In the last month AREX has a been trading in the 0.08 - 0.13 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
AREX Weekly and Daily overview Charts
AREX Setup Rating and Analysis
The technical rating of AREX is bad and it also does not present a 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
AREX Support and Resistance Analysis
0.08
We can see 2 important resistance areas.
- A resistance zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.15 from a trend line in the daily time frame.
AREX 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 AREX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AREX is down. |
| ChartMill Relative Strength | 0.83 | NEGATIVE | AREX has a low relative strength, it was outperformed by 99.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AREX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AREX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AREX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.3 | OVERSOLD | The low RSI value suggests AREX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests AREX has a negative trend. |
| Stochastics (14,3) | 15.96 | OVERSOLD | The low Stochastics value suggests AREX may be oversold. |
| Average True Range in percent/ATR (20) | 14.72 | HIGH VOLATILITY | The high ATR as a percentage value for AREX suggests high volalility. |
AREX Chart- and CandleStick Pattern Analysis
AREX Technicals: Chart, Performance Metrics, Trend & Indicators
0.0791
-0.01 (-14.58%)
APPROACH RESOURCES INC / AREX TA FAQ
What is the ChartMill technical rating of APPROACH RESOURCES INC (AREX) stock?
ChartMill assigns a technical rating of 0 / 10 to AREX.
What is the current trend direction of APPROACH RESOURCES INC (AREX) stock?
The current trend direction for APPROACH RESOURCES INC (AREX) is Bearish.
What is the RSI signal for AREX stock?
APPROACH RESOURCES INC (AREX) has an RSI value of 28.3029. This indicates that the stock is currently oversold.
What is the MACD signal for APPROACH RESOURCES INC (AREX) stock?
The MACD indicator for APPROACH RESOURCES INC (AREX) has a value of -0.000194661, indicating a bearish trend.
What are the support and resistance levels for APPROACH RESOURCES INC (AREX) stock?
APPROACH RESOURCES INC (AREX) has a resistance level at 0.09. Check the full technical report for our detailed analysis of AREX support and resistance levels.