Technical Analysis for AREC - American Resources Corporation

Grade Last Price % Change Price Change
F 1.32 3.54% 0.05
AREC closed up 3.54 percent on Thursday, May 9, 2024, on 83 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
Earnings due: May 13
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Reached Oversold Weakness 3.54%
Inside Day Range Contraction 3.54%
Oversold Stochastic Weakness 3.54%
MACD Bearish Signal Line Cross Bearish 6.05%
Gapped Up Strength 6.05%
Below Lower BB Weakness 6.05%
Down 3 Days in a Row Weakness 6.05%
Lower Bollinger Band Touch Weakness 6.05%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 4 hours ago
Possible Inside Day about 4 hours ago
Gap Up Closed about 6 hours ago
Gap Up Partially Closed about 8 hours ago
60 Minute Opening Range Breakdown about 8 hours ago

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Profile

American Resources Corporation Description

American Resources Corporation, formerly NGFC Equities, Inc., is engaged in constructing, purchasing and managing a chain of combined gasoline, diesel and natural gas (NG) fueling and service stations. The Company is involved in constructing conversion factories to convert NG to liquefied natural gas (LNG) and compressed natural gas (CNG), and constructing conversion factories to retrofit vehicles using gasoline or diesel fuel to also run on NG in the United States. The Company, through its subsidiary, Quest Energy Inc. (Quest Energy), is engaged in energy services, including mining, processing and logistics, with a primary focus on traditional energy sources such as coal and oil and gas. Quest Energy has four coal mining and processing operating subsidiaries: McCoy Elkhorn Coal LLC (doing business as McCoy Elkhorn Coal Company) (McCoy Elkhorn), Knott County Coal LLC (Knott County Coal), Deane Mining LLC (Deane Mining) and Quest Processing LLC (Quest Processing).


Classification

Sector: Basic Materials
Industry: Coal
Keywords: Natural Gas Mining Oil And Gas Fuel Chemical Substances Liquefied Natural Gas Industrial Gases Energy Services Coal Diesel Fuel Coal Mining Gasoline Energy Source Energy Sources Compressed Natural Gas

Is AREC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 2.16
52 Week Low 1.2
Average Volume 250,270
200-Day Moving Average 1.48
50-Day Moving Average 1.46
20-Day Moving Average 1.39
10-Day Moving Average 1.40
Average True Range 0.10
RSI (14) 44.75
ADX 15.49
+DI 16.25
-DI 24.35
Chandelier Exit (Long, 3 ATRs) 1.29
Chandelier Exit (Short, 3 ATRs) 1.53
Upper Bollinger Bands 1.54
Lower Bollinger Band 1.23
Percent B (%b) 0.28
BandWidth 22.81
MACD Line -0.03
MACD Signal Line -0.02
MACD Histogram -0.0137
Fundamentals Value
Market Cap 102.92 Million
Num Shares 78.3 Million
EPS 0.13
Price-to-Earnings (P/E) Ratio 10.12
Price-to-Sales 4.80
Price-to-Book 6.92
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.41
Resistance 3 (R3) 1.40 1.37 1.39
Resistance 2 (R2) 1.37 1.34 1.37 1.38
Resistance 1 (R1) 1.34 1.33 1.35 1.35 1.38
Pivot Point 1.31 1.31 1.31 1.31 1.31
Support 1 (S1) 1.28 1.28 1.29 1.29 1.25
Support 2 (S2) 1.25 1.27 1.25 1.25
Support 3 (S3) 1.22 1.25 1.24
Support 4 (S4) 1.23