ALLIANCE RESOURCE PARTNERS (ARLP) Stock Technical Analysis
NASDAQ:ARLP • US01877R1086
We assign a technical rating of 7 out of 10 to ARLP. In the last year, ARLP was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- ARLP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 65% of 206 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month ARLP has a been trading in the 23.65 - 26.26 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, ARLP outperforms 49% of them, which is more or less in line with the market.
- 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.
Besides having an excellent technical rating, ARLP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 24.92, a Stop Loss order could be placed below this zone.
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22.31
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.28 to 24.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.57 from a horizontal line in the daily 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.
We can see 2 important resistance areas.
- Resistance @26.53 from a trend line in the weekly time frame.
- 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 | 49.68 | 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 | MIXED | The current price of ARLP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.41 | NEUTRAL | The RSI value for ARLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests ARLP has a positive trend. |
| Stochastics (14,3) | 90.77 | OVERBOUGHT | The high Stochastics value suggests ARLP may be overbought. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for ARLP suggests some volalility. |
| Average Directional Index/ADX (14) | 20.95 | NEUTRAL | The ADX value for ARLP suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 26.54 | 23.64 | 2.90 (10.93%) | 9.15% |
| An entry @26.54. This is a Buy Stop order right above the resistance zone. | An exit @23.64. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.90 points, which is 10.93%. | When investing 9.15% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
26.25
+0.35 (+1.35%)
ALLIANCE RESOURCE PARTNERS / ARLP FAQ
What is the ChartMill technical rating of ALLIANCE RESOURCE PARTNERS (ARLP) stock?
ChartMill assigns a technical rating of 7 / 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 Bearish.
Can you provide the RSI signal for ALLIANCE RESOURCE PARTNERS?
ALLIANCE RESOURCE PARTNERS (ARLP) has an RSI value of 69.411. This indicates that the stock is currently neutral.
What are the support and resistance levels for ALLIANCE RESOURCE PARTNERS (ARLP) stock?
ALLIANCE RESOURCE PARTNERS (ARLP) has a support level at 24.92 and a resistance level at 26.53. Check the full technical report for our detailed analysis of ARLP support and resistance levels.