ALLIANCE RESOURCE PARTNERS (ARLP) Stock Technical Analysis
NASDAQ:ARLP - Nasdaq - US01877R1086 - Currency: USD
We assign a technical rating of 3 out of 10 to ARLP. ARLP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ARLP is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. ARLP outperforms 81% of them.
In the last month ARLP has a been trading in the 24.63 - 28.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that ARLP is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ARLP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ARLP is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
ARLP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 26.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.10, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ARLP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
24.22
29.53
When analyzing the support we notice one important area.
- A support zone ranging from 24.46 to 25.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 26.37 to 26.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @27.28 from a horizontal line in the daily time frame.
- A resistance zone ranging from 29.24 to 29.24. 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 | NEUTRAL | NEUTRAL | The short term trend for ARLP is neutral. |
| ChartMill Relative Strength | 75.27 | POSITIVE | ARLP has a high relative strength, it outperformed 75.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARLP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ARLP is below 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) | 48.01 | NEUTRAL | The RSI value for ARLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ARLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.79 | NEUTRAL | The Stochastics value for ARLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for ARLP suggests some volalility. |
| Average Directional Index/ADX (14) | 11.81 | NEGATIVE | The low ADX value for ARLP suggests a weak or negative 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)
26.32
-0.1 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.38%
1 Week-1.35%
2 Weeks5.41%
1 Month-3.02%
3 Month-1.42%
6 Month-7.62%
12 Month12.91%
2 Year53.92%
3 Year32.59%
5 Year730.28%
10 Year-12.24%
15 Year15.82%
Volatility
ATR(14)0.65
ATR(20)%2.83%
ATR Inc-33.43%
Range Today0.47
ADR(20)0.7
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.27
Mansfield0.06
10 Day High26.99
10 Day Low24.95
20 Day High28.39
20 Day Low24.63
52 Week High30.56
52 Week Low22.18
CS1 End25.1
CR1 Start26.37
Volume & EV
DER(3)3.5%
DER(5)2.26%
Volume255.34K
Volume Incr-55.23%
Vol(5)182.74K
Vol(50)433.53K