AREC NEWS why is American Resources Corporation price falling or rising

AREC NEWS reasons for why stock price of American Resources Corporation is falling or rising

AREC American Resources is falling or rising technical reasons

Technical analysis forecast of American Resources Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in American Resources AREC at this time. Stock is rising and might rise more.

It appears as if American Resources AREC gave a large move recently.

Stock of American Resources (AREC) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

Although my analysis for American Resources is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1.5, for a target of 1.5 or 1.41

AREC American Resources is falling or rising NEWS fundamental reasons

More announcements and NEWS

AREC American Resources Corporation current price & indicator signals

Moving Averages for American Resources Corporation

  • 5Day Average: 1.41
  • 12Day Average: 1.39
  • 20Day Average: 1.38
  • 50Day Average: 1.46
  • 100Day Average: 1.46
  • 150Day Average: 1.49
  • 200Day Average: 1.49

AREC Indicators & signals

Indicator MACD (12,26,9)

1.41, 1.42, -0.03
Indicator MACD is in negative zone

Indicator ADX (14)

6.67, 72.73, 63.64
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of AREC American Resources Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 1.55 1.45 to 1.59 7.64% 2.84 times
25 Thu Apr 2024 1.44 1.40 to 1.44 1.41% 0.92 times
24 Wed Apr 2024 1.42 1.35 to 1.44 4.41% 1.49 times
23 Tue Apr 2024 1.36 1.28 to 1.39 6.25% 1.67 times
22 Mon Apr 2024 1.28 1.24 to 1.39 -5.19% 2.19 times
19 Fri Apr 2024 1.35 1.35 to 1.41 -2.88% 1.19 times
18 Thu Apr 2024 1.39 1.34 to 1.41 2.21% 0.57 times
17 Wed Apr 2024 1.36 1.36 to 1.40 -1.45% 0.17 times
16 Tue Apr 2024 1.38 1.36 to 1.41 0% 0.53 times
15 Mon Apr 2024 1.38 1.37 to 1.42 -0.72% 0.84 times
12 Fri Apr 2024 1.39 1.37 to 1.41 0% 0.44 times
11 Thu Apr 2024 1.39 1.35 to 1.42 2.96% 0.61 times

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AREC NEWS why is American Resources Corporation price falling or rising

 

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