We assign a technical rating of 5 out of 10 to ARLP. ARLP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
ARLP has an average technical rating and also the quality of the setup is only medium 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
22.31
We found 2 important support areas.
- A support zone ranging from 24.00 to 24.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 4 important resistance areas.
- Resistance @25.02 from a horizontal line in the daily time frame.
- Resistance @25.58 from a horizontal line in the daily time frame.
- A resistance zone ranging from 26.82 to 27.17. This zone is formed by a combination of multiple trend lines 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 | 22.35 | NEGATIVE | ARLP has a low relative strength, it was outperformed by 77.65% off all stocks 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) | 62.03 | NEUTRAL | The RSI value for ARLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests ARLP has a positive trend. |
| Stochastics (14,3) | 82.51 | OVERBOUGHT | The high Stochastics value suggests ARLP may be overbought. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for ARLP suggests some volalility. |
| Average Directional Index/ADX (14) | 11.48 | NEGATIVE | The low ADX value for ARLP suggests a weak or negative trend. |
24.36
+0.29 (+1.2%)
ALLIANCE RESOURCE PARTNERS / ARLP FAQ
What is the ChartMill technical rating of ALLIANCE RESOURCE PARTNERS (ARLP) stock?
ChartMill assigns a technical rating of 5 / 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 62.0264. 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 24.27 and a resistance level at 25.02. Check the full technical report for our detailed analysis of ARLP support and resistance levels.