ALLIANCE RESOURCE PARTNERS (ARLP) Stock Technical Analysis
NASDAQ:ARLP - US01877R1086
22.99 USD
+0.24 (+1.05%)
22.99 USD
0 (0%)
Taking everything into account, ARLP scores 0 out of 10 in our technical rating. ARLP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
83% of all other stocks performed better in the past year than ARLP.
ARLP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 74% of 208 stocks in the same industry do better.
ARLP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ARLP has a been trading in the 22.52 - 26.90 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
ARLP has a poor technical rating and the quality of the setup is also not perfect 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
22.52
28.86
We found 1 important support area.
- A support zone ranging from 22.75 to 22.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 25.38 to 25.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.66 from a horizontal line in the daily time frame.
- A resistance zone ranging from 27.74 to 27.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 28.49 to 28.57. 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 | DOWN | NEGATIVE | The long term trend for ARLP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARLP is down. |
| ChartMill Relative Strength | 17.94 | NEGATIVE | ARLP has a low relative strength, it was outperformed by 82.06% 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) | DOWN | NEGATIVE | The current price of ARLP is below a declining 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) | 30.47 | NEUTRAL | The RSI value for ARLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests ARLP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.6 | OVERSOLD | The low Stochastics value suggests ARLP may be oversold. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for ARLP suggests some volalility. |
| Average Directional Index/ADX (14) | 40.22 | POSITIVE | The high ADX value value for ARLP suggests a strong 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)
22.99
+0.24 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.05%
1 Week0.09%
2 Weeks-9.02%
1 Month-12.95%
3 Month-11.68%
6 Month-12.39%
12 Month-3.89%
2 Year12.59%
3 Year-12.72%
5 Year590.39%
10 Year-10.13%
15 Year-14.96%
Volatility
ATR(14)0.67
ATR(20)%2.72%
ATR Inc-37.78%
Range Today0.53
ADR(20)0.6
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.94
Mansfield-1.99
10 Day High25.64
10 Day Low22.53
20 Day High26.9
20 Day Low22.53
52 Week High30.56
52 Week Low22.3
CS1 End22.98
CR1 Start25.38
Volume & EV
DER(3)1.82%
DER(5)0.43%
Volume449.50K
Volume Incr4.17%
Vol(5)449.10K
Vol(50)329.15K