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(ARLP) Alliance Resource complete technical analysis [charts+indicators] | Buy/Sell Alliance Resource | (ARLP) share price targets

Complete technical analysis of Alliance Resource (ARLP) by charts plus indicators, forecast predictions and share price targets for Alliance Resource (ARLP)

Alliance Resource trades in USA in Energy sector.

10 day averaged volume of Alliance Resource is 352036

Date Daily Closing Price Open High Low Volume
23 Thu May 2024 23.06 23.08 23.36 22.54 1.156 times
22 Wed May 2024 23.16 23.10 23.30 22.82 0.645 times
21 Tue May 2024 23.02 23.21 23.41 23.02 1.021 times
20 Mon May 2024 23.06 22.81 23.19 22.81 0.954 times
17 Fri May 2024 22.82 22.68 22.94 22.68 0.692 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 23.2 as stoploss in an intra day sell trade for a target of 22.68. However, stock will show a bullish move above 23.2.

Share price targets for Alliance Resource (ARLP)

Target Type Value
Downside Target 18.32
Downside Target 18.83
Downside Target 20.00
Downside Target 21.00
Downside Target 21.50
Downside Target 22.54
Upside Target 23.15
Upside Target 23.41
Upside Target 23.69
Upside Target 23.90

Intraday share price targets for Alliance Resource (ARLP)

Target Type Value
Downside Intraday Target 22.6
Downside Intraday Target 22.13
Upside Intraday Target 23.47
Upside Intraday Target 23.87
Downside Intraday Target 23

Weekly technical analysis of Alliance Resource (ARLP)

Date Weekly Closing Price Open High Low Volume
23 Thu May 2024 23.06 22.81 23.41 22.54 0.757 times
17 Fri May 2024 22.82 22.48 23.15 22.08 0.535 times
10 Fri May 2024 22.26 23.52 23.90 21.84 0.716 times
03 Fri May 2024 23.25 21.76 23.69 21.55 2.778 times
26 Fri Apr 2024 21.15 21.17 21.60 21.00 1.135 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Alliance Resource (ARLP)

Date Monthly Closing Price Open High Low Volume
23 Thu May 2024 23.06 22.63 23.90 21.84 0.983 times
30 Tue Apr 2024 22.43 20.10 23.69 20.05 1.136 times
28 Thu Mar 2024 20.05 19.12 20.40 18.32 0.679 times
29 Thu Feb 2024 19.00 21.21 21.50 18.83 1.003 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Alliance Resource (ARLP)

Indicator Name Indicator Value Indicator Signal
ADX 25, 25, 0 Sell
MACD 1, 1Sell
Stochastics 77Buy
CCI 56Sell
RSI 50Sell
OBV 5195828Sell
VWAP 23Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

Price action analysis of Alliance Resource ( (ARLP) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Alliance Resource ( (ARLP) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Alliance Resource ( (ARLP) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Alliance Resource ( (ARLP) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Alliance Resource stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Alliance Resource in short term but the sell signal is initial and weak.

Alliance Resource Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Alliance Resource in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Alliance Resource is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 22.76 and Alliance Resource (ARLP) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Alliance Resource (ARLP) stock. Volume based technical analysis of Alliance Resource (ARLP) stock is negative.

Alliance Resource Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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