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RSI low/high Values: [ 25 - 75 ]
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AI Analysis of ARLP
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Weaker technical forecast for Alliance Resource as stock downgraded to Hold/Accumulate.
(Updated on Apr 12, 2024)

Buy or Hold candidate since Apr 11, 2024 PDF

No changes to the price of Alliance Resource stock on the last trading day (Friday, 12th Apr 2024). During the last trading day the stock fluctuated 1.05% from a day low at $21.03 to a day high of $21.25. The price has risen in 8 of the last 10 days and is up by 5.04% over the past 2 weeks.

The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $21.04, a level that may pose a second chance to hit a runner. According to fan-theory $24.22 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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ARLP Signals & Forecast

The Alliance Resource stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.98 and $19.87. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, March 15, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, March 15, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Alliance Resource stock

Alliance Resource finds support from accumulated volume at $20.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.220 (1.05%) between high and low. For the last week, the stock has had daily average volatility of 1.11%.

The Alliance Resource stock is extremely overbought on RSI14 (89). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $20.38 (-3.22%) (This stock has low daily movements and this gives low risk. The RSI14 is 89 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ARLP) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Alliance Resource Partners to open at $21.11, and during the day (based on 14 day Average True Range), to move between $20.73 and $21.39, which gives a possible trading interval of +/-$0.326 (+/-1.55%) up or down from last closing price. If Alliance Resource Partners takes out the full calculated possible swing range there will be an estimated 3.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $21.20 (0.66%) than the support at $20.57 (2.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Alliance Resource Partners stock A Buy?

Alliance Resource holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.308 Hold/Accumulate Downgraded

Predicted Opening Price for Alliance Resource Partners of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$21.11 ( 0.253%) $21.06

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ARLP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 21.33 1.30 %
R2 21.25 0.90 %
R1 21.20 0.652 %
Current price: 21.06
Support S1 21.03 -0.146 %
S2 20.98 -0.392 %
S3 20.89 -0.791 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 21.77 3.37 %
R2 21.24 0.85 %
R1 21.20 0.665 %
Current price 21.06
Support S1 20.57 -2.33%
S2 19.84 -5.79%
S3 19.75 -6.22%

ARLP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 26, 2024 Feb 07, 2024 Feb 14, 2024 $0.700 3.54%
2 Jan 26, 2024 Feb 06, 2024 Feb 14, 2024 $0.700 3.54%
3 Oct 25, 2023 Nov 06, 2023 Nov 14, 2023 $0.700 3.13%
4 Jul 28, 2023 Aug 04, 2023 Aug 14, 2023 $0.700 3.51%
5 Apr 28, 2023 May 05, 2023 May 15, 2023 $0.700 3.65%

FAQ

What is the symbol for Alliance Resource Stock and on which exchange is it traded?
The symbol for Alliance Resource is ARLP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Alliance Resource Stock?
Alliance Resource holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Alliance Resource Stock?
Alliance Resource Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Alliance Resource Stock.

What's the current price of Alliance Resource Stock?
As of the end of day on the 2024-04-12, the price of an Alliance Resource (ARLP) share was $21.06.

What is the 52-week high and low for Alliance Resource Stock?
The 52-week high for Alliance Resource Stock is $24.30 and the 52-week low is $17.05.

What is the market capitalization of Alliance Resource Stock?
As of the 2024-04-12, the market capitalization of Alliance Resource is 2.697B.

When is the next earnings date for Alliance Resource?
The upcoming earnings date for Alliance Resource is May 07, 2024.
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About Alliance Resource Partners

Alliance Resource Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties. It produces a range of thermal and metallurgical coal with sulfur and heat contents. The company operates seven underground mining complexe... ARLP Profile

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