ALLIANCE RESOURCE PARTNERS (ARLP) Stock Technical Analysis
USA - NASDAQ:ARLP - US01877R1086
Taking everything into account, ARLP scores 4 out of 10 in our technical rating. In the past year, ARLP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, ARLP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 24.82, a Stop Loss order could be placed below this zone. 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
22.31
We found 3 important support areas.
- A support zone ranging from 24.35 to 24.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.20 from a trend line in the weekly time frame.
- A support zone ranging from 22.54 to 22.80. 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 27.20 to 27.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 27.98 to 28.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.49 from a horizontal line in the weekly time frame.
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 | 34.91 | 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) | DOWN | NEGATIVE | The current price of ARLP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.23 | NEUTRAL | The RSI value for ARLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ARLP has a positive trend. |
| Stochastics (14,3) | 78.54 | NEUTRAL | The Stochastics value for ARLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for ARLP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.18 | NEGATIVE | The low ADX value for ARLP suggests a weak or negative trend. |
24.98
-0.02 (-0.08%)
ALLIANCE RESOURCE PARTNERS / ARLP FAQ
What is the ChartMill technical rating of ALLIANCE RESOURCE PARTNERS (ARLP) stock?
ChartMill assigns a technical rating of 4 / 10 to ARLP.
Can you provide the trend direction for ALLIANCE RESOURCE PARTNERS?
The current trend direction for ALLIANCE RESOURCE PARTNERS (ARLP) is Bearish.
Can you provide the RSI signal for ALLIANCE RESOURCE PARTNERS?
ALLIANCE RESOURCE PARTNERS (ARLP) has an RSI value of 55.2265. This indicates that the stock is currently neutral.
What is the MACD signal for ARLP stock?
The MACD indicator for ALLIANCE RESOURCE PARTNERS (ARLP) has a value of 0.0629773, indicating a bearish trend.
What is the short term momentum for ARLP stock?
The short term momentum for ALLIANCE RESOURCE PARTNERS (ARLP) is positive.