ALLIANCE RESOURCE PARTNERS (ARLP) Technical Analysis
NASDAQ:ARLP • US01877R1086
Current stock price
ARLP Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to ARLP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ARLP is only an average performer.
- 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!
- ARLP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ARLP is performing more or less in line with the market.
- In the last month ARLP has a been trading in the 26.17 - 28.95 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, ARLP did better than 78% 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
ARLP has an excellent technical rating, but the quality of the setup is only medium 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
When analyzing the support we can see 3 important areas.
- Support @24.93 from a trend line in the daily time frame.
- A support zone ranging from 23.57 to 23.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 28.43 to 28.49. 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 | 78.92 | POSITIVE | ARLP has a high relative strength, it outperformed 78.92% 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) | 65.14 | NEUTRAL | The RSI value for ARLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ARLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.59 | NEUTRAL | The Stochastics value for ARLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for ARLP suggests some volalility. |
| Average Directional Index/ADX (14) | 40.35 | 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
27.95
-0.48 (-1.69%)
ALLIANCE RESOURCE PARTNERS / ARLP TA FAQ
What is the ChartMill technical rating of ALLIANCE RESOURCE PARTNERS (ARLP) stock?
ChartMill assigns a technical rating of 8 / 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 65.1406. This indicates that the stock is currently neutral.
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 24.93 and a resistance level at 28.43. Check the full technical report for our detailed analysis of ARLP support and resistance levels.