Stronger Sell Today AREX ranks #4684 as SELL CANDIDATE. Weaker Sell
Today AREX ranks #4684 as SELL CANDIDATE.

AREX stock Approach Resources Inc.

AREX stock
Approach Resources Inc.

April 24, 2019
Change -1.89%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Social Sentiment for AREX

Today's data is from 1 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
100%
0%
Weighted Sentiment 0.00

Will AREX stock price go up or down on Fri, 26 Apr 2019?

Approach Resources Inc. Forecast and Stock Analysis

Technical AREX stock analysis for April 24, 2019.

Sell candidate since 2019-03-19 Loss -48.53%
Shorts n/a
Cash n/a
Loans n/a
Beta 2.82
ROA -1.86

Approach Resources Inc. fell by -1.89% in the last day from $0.40 to $0.39 The price has fallen in 5 of the last 10 days and is down by -0.61% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1 052 374 shares and in total 505 916 shares bought and sold for approximately $199 230.00.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the AREX stock was $0.39. This is 1.89% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 6.41% from a day low at $0.39 to a day high of $0.42.

30 day high of the AREX stock price was $0.54 and low was $0.30.
90 day high was $1.12 and low was $0.30.
52 week high for the Approach Resources Inc. - $3.26 and low - $0.30.

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 -53.14% during the next 3 months and, with 90% probability hold a price between $0.01 and $0.34 at the end of this period.

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Signals

Some negative signals were issued as well, and these may have some influence on the near short-term development. Approach Resources Inc. holds a buysignal 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 $0.57. On a fall, the stock will find some support from the short-term average at $0.38. 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. A sales signal was issued from a pivot top point on Tuesday April 23, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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Relative Strength Index (RSI)

RSI14 is 46 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Approach Resources Inc. finds support from accumulated volume at $0.38.

Support: $0.38 Price: $0.39 Resistance: $0.40

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 $0.03 between high and low, or 6.41%. For the last week the stock has had a daily average volatility of 9.45%.

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

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today AREX ranks #4684 as SELL CANDIDATE. Weaker Sell
Today AREX ranks #4684 as SELL CANDIDATE.