Alliance Resource Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
AI Analysis of ARLP
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Alliance Resource stock price down 0.91% on Monday
(Updated on Oct 14, 2024)
Sell candidate since Oct 11, 2024
Loss -0.91%
The Alliance Resource stock price fell by -0.91% on the last day (Monday, 14th Oct 2024) from $25.27 to $25.04. During the last trading day the stock fluctuated 2.54% from a day low at $24.86 to a day high of $25.49. The price has been going up and down for this period, and there has been a 0.16% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -17 thousand shares and in total, 181 thousand shares were bought and sold for approximately $4.54 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $25.40 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Alliance Resource stock with a 90% probability to be traded between $22.64 and $25.45 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.
ARLP Signals & Forecast
The Alliance Resource stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $25.24. On a fall, the stock will find some support from the long-term average at approximately $24.19. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, October 07, 2024, and so far it has fallen -1.42%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Alliance Resource stock
Alliance Resource finds support from accumulated volume at $24.65 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 $0.632 (2.54%) between high and low. For the last week, the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARLP) For The Upcoming Trading Day Of Tuesday 15th
For the upcoming trading day on Tuesday, 15th we expect Alliance Resource Partners to open at $25.13, and during the day (based on 14 day Average True Range), to move between $24.58 and $25.50, which gives a possible trading interval of +/-$0.459 (+/-1.83%) up or down from last closing price. If Alliance Resource Partners takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.40 (1.44%) than the support at $24.65 (1.56%), 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score:
-2.156
Sell Candidate
Unchanged
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Predicted Fair Opening Price
Predicted fair opening price on October 15, 2024 - $25.13 ( 0.357%). 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 | |
|---|---|---|
| R3 | 25.76 | 2.88% |
| R2 | 25.52 | 1.92% |
| R1 | 25.37 | 1.32% |
| Price | 25.04 | |
| S1 | 24.89 | -0.608% |
| S2 | 24.74 | -1.20% |
| S3 | 24.50 | -2.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.89 | 3.39% |
| R2 | 25.42 | 1.52% |
| R1 | 25.40 | 1.44% |
| Price | 25.04 | |
| S1 | 24.65 | -1.56% |
| S2 | 23.32 | -6.87% |
| S3 | 23.02 | -8.07% |
ARLP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 26, 2024 | Aug 07, 2024 | Aug 14, 2024 | $0.700 | 3.02% |
| 2 | Apr 26, 2024 | May 07, 2024 | May 15, 2024 | $0.700 | 3.07% |
| 3 | Jan 26, 2024 | Feb 07, 2024 | Feb 14, 2024 | $0.700 | 3.54% |
| 4 | Jan 26, 2024 | Feb 06, 2024 | Feb 14, 2024 | $0.700 | 3.54% |
| 5 | Oct 25, 2023 | Nov 06, 2023 | Nov 14, 2023 | $0.700 | 3.13% |
FAQ
Click here for our free guide on how to buy Alliance Resource Stock.
