Alliance Resource Stock Forecast
Alliance Resource stock price up 1.10% on Wednesday
(Updated on Mar 27, 2024)
The Alliance Resource stock price gained 1.10% on the last trading day (Wednesday, 27th Mar 2024), rising from $19.97 to $20.19. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.62% from a day low at $19.93 to a day high of $20.25. The price has risen in 8 of the last 10 days and is up by 5.32% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 367 thousand shares were bought and sold for approximately $7.40 million.
Given the current short-term trend, the stock is expected to fall -12.61% during the next 3 months and, with a 90% probability hold a price between $15.37 and $17.64 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ARLP Signals & Forecast
Mostly positive signals in the chart today. 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 $19.93 and $19.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 9.73%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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.
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 $19.84 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 $0.323 (1.62%) between high and low. For the last week, the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: $19.13 (-5.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (ARLP) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Alliance Resource Partners to open at $20.12, and during the day (based on 14 day Average True Range), to move between $19.79 and $20.59, which gives a possible trading interval of +/-$0.403 (+/-2.00%) up or down from last closing price. If Alliance Resource Partners takes out the full calculated possible swing range there will be an estimated 3.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.84 (1.73%) than the resistance at $20.57 (1.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alliance Resource Partners stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.162 Buy Candidate Unchanged
Predicted Opening Price for Alliance Resource Partners of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$20.12 ( 0.336%) | $20.19 |
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 | 20.45 | 1.27 % | |
R2 | 20.32 | 0.654 % | ||
R1 | 20.25 | 0.276 % | ||
Current price: | 20.19 | |||
Support | S1 | 20.00 | -0.95 % | |
S2 | 19.92 | -1.33 % | ||
S3 | 19.80 | -1.94 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.24 | 5.20 % | |
R2 | 21.20 | 5.00 % | ||
R1 | 20.57 | 1.88 % | ||
Current price | 20.19 | |||
Support | S1 | 19.84 | -1.73% | |
S2 | 19.75 | -2.18% | ||
S3 | 18.95 | -6.14% |
ARLP Dividend Payout History
# | 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
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