ARLP Forecast and Technical Stock Analysis
Sell candidate since 2019-10-01 Loss -11.11% PDF
Alliance Resource Partners fell by -0.66% in the last day ( Wednesday, 16th Oct 2019 ) from $13.69 to $13.60 During the day the stock fluctuated 1.47% from a day low at $13.60 to a day high of $13.80. The price has been going up and down for this period, and there has been a -7.92% loss for the last 2 weeks. 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 -247 325 shares and in total 218 194 shares bought and sold for approximately $2.97 million.
- 30 day high of the ARLP stock price was $16.16 and low was $13.40.
- 90 day high was $17.83 and low was $13.40.
- 52 week high for Alliance Resource Partners - $20.78 and low - $13.40.
Alliance Resource Partners lies in the middle of a 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 -14.50% during the next 3 months and, with 90% probability hold a price between $10.87 and $13.34 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday October 14, 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. Alliance Resource Partners 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 $13.76 and $15.30. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 20 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Alliance Resource Partners finds support from accumulated volume at $13.51.
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 $0.20 between high and low, or 1.47%. For the last week, the stock has had a daily average volatility of 2.33%.
Alliance Resource Partners is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.33 %Average volatility
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|ARLP $13.60 ($-0.09 -0.66%)|
ARLP is down $0.09 today, but where's it headed in 2019?
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