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. In the last year, ARLP was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the performance of all stocks over the past year, ARLP turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
ARLP is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, ARLP did better than 69% of them.
ARLP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARLP is lagging the market.
In the last month ARLP has a been trading in the 25.61 - 28.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ARLP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
24.22
28.86
We found 3 important support areas.
- Support @26.26 from a trend line in the weekly time frame.
- A support zone ranging from 25.71 to 25.71. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 24.46 to 24.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 26.43 to 26.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.57 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ARLP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARLP is neutral. |
| ChartMill Relative Strength | 66.19 | NEUTRAL | ARLP is not amongst the best or worst performers 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) | UP | MIXED | The current price of ARLP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.66 | NEUTRAL | The RSI value for ARLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests ARLP has a negative trend. |
| Stochastics (14,3) | 38.05 | NEUTRAL | The Stochastics value for ARLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for ARLP suggests some volalility. |
| Average Directional Index/ADX (14) | 27.98 | 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)
26.41
-0.31 (-1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.16%
1 Week-3.35%
2 Weeks-4.76%
1 Month-0.79%
3 Month5.77%
6 Month-0.79%
12 Month15.83%
2 Year29.33%
3 Year0.27%
5 Year693.09%
10 Year3.24%
15 Year-2.31%
Volatility
ATR(14)0.71
ATR(20)%2.45%
ATR Inc-45.59%
Range Today0.5
ADR(20)0.62
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.19
Mansfield-0.6
10 Day High28.14
10 Day Low25.61
20 Day High28.14
20 Day Low25.61
52 Week High30.56
52 Week Low22.3
CS1 End26.26
CR1 Start26.43
Volume & EV
DER(3)-3.83%
DER(5)-6.23%
Volume156.70K
Volume Incr0.62%
Vol(5)264.14K
Vol(50)249.46K