ALLIANCE RESOURCE PARTNERS (ARLP)       20.28  +0.54 (+2.74%)

20.28  +0.54 (+2.74%)

US01877R1086

Technical Rating

3

Taking everything into account, ARLP scores 3 out of 10 in our technical rating. Although ARLP 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.



Looking at the yearly performance, ARLP did better than 90% of all other stocks. On top of that, ARLP also shows a nice and consistent pattern of rising prices.
ARLP is part of the Oil, Gas & Consumable Fuels industry. There are 384 other stocks in this industry. ARLP outperforms 86% of them.
In the last month ARLP has a been trading in the 17.72 - 21.21 range, which is quite wide. It is currently trading near the high of this range.
ARLP is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

Statistics

1 Month 3 Months 6 Months 12 Months -4.87% -2.85% -13.80% 28.10% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 90.69 14.54 - 27.63
ARLP Weekly chart
ARLP Daily chart

Support/Resistance Analysis


18.05

22.70
3 important support areas can be observed.
  • A support zone ranging from 19.61 to 19.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @18.86 from a horizontal line in the weekly time frame.
  • A support zone ranging from 18.23 to 18.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 21.10 to 21.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 22.31 to 22.48. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

The technical rating of ARLP 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.


ARLP Daily chart

ALLIANCE RESOURCE PARTNERS20.28

NASDAQ:ARLP (3/29/2023, 3:06:45 PM)+0.54 (+2.74%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
Today2.74%
1 Week0.05%
2 Weeks5.45%
1 Month-4.87%
3 Month-2.85%
6 Month-13.8%
Volatility
ATR(14)0.72
ATR(20)%3.35%
ATR Inc-33.2%
Range Today0.46
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.69
Mansfield-0.6
10 Day High19.93
10 Day Low17.72
20 Day High21.21
20 Day Low17.72
52 Week High27.63
52 Week Low14.54
CS1 End18.86
CR1 Start19.75
Volume & EV
DER(3)2.33%
DER(5)1.39%
Volume323.00K
Volume Incr-33.1%
Vol(5)348.12K
Vol(50)560.00K

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA