ALLIANCE RESOURCE PARTNERS (ARLP) Stock Technical Analysis
NASDAQ:ARLP - Nasdaq - US01877R1086 - Currency: USD
We assign a technical rating of 6 out of 10 to ARLP. In the last year, ARLP was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ARLP has a been trading in the 25.15 - 27.43 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, ARLP turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
ARLP is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, ARLP did better than 56% of them.
ARLP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARLP is lagging the market.
ARLP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.22
27.60
We found 3 important support areas.
- Support @27.28 from a horizontal line in the daily time frame.
- A support zone ranging from 25.86 to 26.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.46 to 24.84. 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 | NEUTRAL | NEUTRAL | The long term trend for ARLP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARLP is up. |
| ChartMill Relative Strength | 48.97 | NEUTRAL | ARLP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARLP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARLP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARLP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.04 | NEUTRAL | The RSI value for ARLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests ARLP has a positive trend. |
| Stochastics (14,3) | 87.37 | OVERBOUGHT | The high Stochastics value suggests ARLP may be overbought. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for ARLP suggests some volalility. |
| Average Directional Index/ADX (14) | 20.4 | NEUTRAL | The ADX value for ARLP 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)
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 |
|---|---|---|---|
| 27.44 | 27.27 | 0.17 (0.62%) | 25.00% |
| An entry @27.44. This is a Buy Stop order right above the 10 day high. | An exit @27.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.17 points, which is 0.62%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- The distance between exit and entry is rather small compared to the average daily movement of ARLP. Please evaluate whether better entry and exit points can be found.
- 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.
27.33
+0.48 (+1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.79%
1 Week2.82%
2 Weeks7.45%
1 Month5.28%
3 Month4.87%
6 Month0.51%
12 Month9.32%
2 Year37.2%
3 Year24.74%
5 Year733.23%
10 Year11.01%
15 Year4.65%
Volatility
ATR(14)0.63
ATR(20)%2.12%
ATR Inc3.11%
Range Today0.79
ADR(20)0.57
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.97
Mansfield-0.25
10 Day High27.43
10 Day Low25.24
20 Day High27.43
20 Day Low25.15
52 Week High30.56
52 Week Low22.18
CS1 End27.28
CR1 StartN/A
Volume & EV
DER(3)-1.44%
DER(5)0.82%
Volume258.10K
Volume Incr-18.81%
Vol(5)178.90K
Vol(50)271.65K