Bullish vs. Bearish (8 opinions)
Social Sentiment 0.10
AREX Forecast and Technical Stock Analysis
Sell candidate since 2019-09-17 Loss -28.73% PDF
Approach Resources Inc. gained 4.29% in the last trading day ( Monday, 14th Oct 2019 ), rising from $0.12 to $0.13 , and 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 day the stock fluctuated 33.04% from a day low at $0.12 to a day high of $0.15. The price has fallen in 6 of the last 10 days and is down by -8.24% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.26 million more shares were traded than the day before. In total, 1.89 million shares bought and sold for approximately $242 576.00.
- 30 day high of the AREX stock price was $0.20 and low was $0.11.
- 90 day high was $0.31 and low was $0.11.
- 52 week high for Approach Resources Inc. - $2.03 and low - $0.11.
Approach Resources Inc. lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.14 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -55.46% during the next 3 months and, with 90% probability hold a price between $0.04 and $0.06 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday October 10, 2019, which indicates further gains until a new top pivot has been found. Approach Resources Inc. has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Approach Resources Inc. holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $0.13 and $0.16. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 42 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 $0.12.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.04 between high and low, or 33.04%. For the last week, the stock has had a daily average volatility of 18.34%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
18.34 %Average volatility
Very Low Low Medium High Very High
|AREX $0.13 ($0.01 4.29%)|
AREX is up $0.01 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!