ALLIANCE RESOURCE PARTNERS (ARLP) Technical Analysis
NASDAQ:ARLP • US01877R1086
Current stock price
ARLP Technical Rating and Analysis
Taking everything into account, ARLP scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ARLP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- ARLP is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 66% are performing better than ARLP.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by ARLP, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so ARLP is leading the market.
- In the last month ARLP has a been trading in the 26.34 - 29.45 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, ARLP did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
ARLP Weekly and Daily overview Charts
ARLP Setup Rating and Analysis
Although ARLP 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
ARLP Support and Resistance Analysis
22.52
4 important support areas can be observed.
- A support zone ranging from 26.16 to 26.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.10 from a trend line in the daily time frame.
- Support @23.57 from a horizontal line in the daily time frame.
- A support zone ranging from 22.75 to 22.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.00 to 29.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
ARLP 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 | UP | POSITIVE | The long term trend for ARLP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARLP is up. |
| ChartMill Relative Strength | 80.49 | POSITIVE | ARLP has a high relative strength, it outperformed 80.49% off all stocks 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) | 72.31 | OVERBOUGHT | The high RSI value suggests ARLP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | 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) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for ARLP suggests some volalility. |
| Average Directional Index/ADX (14) | 42.29 | POSITIVE | The high ADX value value for ARLP suggests a strong trend. |
ARLP Chart- and CandleStick Pattern Analysis
ARLP Technicals: Chart, Performance Metrics, Trend & Indicators
28.99
+0.11 (+0.38%)
ALLIANCE RESOURCE PARTNERS / ARLP TA FAQ
What is the ChartMill technical rating of ALLIANCE RESOURCE PARTNERS (ARLP) stock?
ChartMill assigns a technical rating of 9 / 10 to ARLP.
What is the current trend direction of ALLIANCE RESOURCE PARTNERS (ARLP) stock?
The current trend direction for ALLIANCE RESOURCE PARTNERS (ARLP) is Bullish.
Can you provide the RSI signal for ALLIANCE RESOURCE PARTNERS?
ALLIANCE RESOURCE PARTNERS (ARLP) has an RSI value of 72.3135. This indicates that the stock is currently overbought.
What is the buy/sell signal for ALLIANCE RESOURCE PARTNERS (ARLP) stock?
The buy/sell signal for ALLIANCE RESOURCE PARTNERS (ARLP) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ALLIANCE RESOURCE PARTNERS?
ALLIANCE RESOURCE PARTNERS (ARLP) has a support level at 26.51 and a resistance level at 29. Check the full technical report for our detailed analysis of ARLP support and resistance levels.