Stronger Sell Today AREX ranks #2573 as SELL CANDIDATE #2573 Weaker Sell

AREX stock forecast Approach Resources Inc.

AREX stock forecast

Monday October 14, 2019 Change 4.29% Price $0.13
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy
Bullish vs. Bearish (8 opinions)
88%
12%
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.

Quick summary:

  • 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.
Top Trending Stocks

Trend

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.

Top Golden Star Stocks

Signals

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.

Access today's Top 5 Golden Star Companies

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.

Support: $0.12 Price: $0.13 Resistance: $0.14

Risk

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

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

Approach Resources Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Stronger Sell Today AREX ranks #2573 as SELL CANDIDATE #2573 Weaker Sell
Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSX | BRU

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!

Get access to Golden Star list now!
Trading With Moving Average
As an investor, you always seek to understand what other... Full Article
Pivot Points
Pivot Points refer to points of significant change. As a... Full Article
Accumulated Volume - Support and Resistance
Volume is perhaps the best indicator of all and should... Full Article
Volume - The Indicator You Really Need to Know
Many new traders getting into the world of technical analysis... Full Article
We Give Back!
In 2016 StockInvest.us donated to NGO Goodwill projects to help purchase medical... Full Article
Better Buy: Amazon vs. Facebook
Amazon's stock slipped 21% over the past six months, as... Full Article

Proudly made at

ROCKIT