Wednesday December 11, 2019 Change 1.38% Price $0.01
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

AREX Forecast and Technical Stock Analysis


Sell candidate since 2019-09-17 Loss -91.83% PDF

Approach Resources Inc. gained 1.38% in the last trading day ( Wednesday, 11th Dec 2019 ), rising from $0.01 to $0.01 , and has now gained 4 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 day the stock fluctuated 17.86% from a day low at $0.01 to a day high of $0.02. The price has risen in 7 of the last 10 days , but is still down by -2% for this period. Volume fell in the last day by -122 956 shares and in total, 203 983 shares bought and sold for approximately $2 998.55. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the AREX stock price was $0.09 and low was $0.01.
  • 90 day high was $0.23 and low was $0.01.
  • 52 week high for Approach Resources Inc. - $1.37 and low - $0.01.
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Trend

Approach Resources Inc. lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -86.07% during the next 3 months and, with 90% probability hold a price between $0.00 and $0.00 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Friday November 29, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Approach Resources Inc. holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.05. On a fall, the stock will find some support from the short-term average at $0.01. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 25 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Approach Resources Inc. finds support from accumulated volume at $0.01.

Support: $0.01 Price: $0.01 Resistance: $0.02

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 17.86%. For the last week the stock has had a daily average volatility of 11.69%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

11.69 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

Approach Resources Inc. 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.

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