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(AREC) American Resources complete technical analysis [charts+indicators] | Buy/Sell American Resources | (AREC) share price targets

Complete technical analysis of American Resources (AREC) by charts plus indicators, forecast predictions and share price targets for American Resources (AREC)

American Resources trades in USA in Consumer Services sector.

Showing technical analysis as on 2024-07-16 View latest technical analysis

10 day averaged volume of American Resources is 477120

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	0.67	0.73	0.75	0.67	1.505 times
15 Mon Jul 2024	0.69	0.79	0.82	0.66	2.153 times
12 Fri Jul 2024	0.78	0.73	0.81	0.70	1.438 times
11 Thu Jul 2024	0.69	0.78	0.80	0.68	1.216 times
10 Wed Jul 2024	0.76	0.82	0.84	0.72	0.756 times
09 Tue Jul 2024	0.83	0.64	0.83	0.63	1.804 times
08 Mon Jul 2024	0.63	0.64	0.64	0.60	0.314 times
05 Fri Jul 2024	0.64	0.66	0.66	0.61	0.668 times
03 Wed Jul 2024	0.66	0.71	0.71	0.62	0.616 times
03 Wed Jul 2024	0.66	0.71	0.71	0.62	0.616 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.7, but if it comes above 0.7, then a intra day buy could be more profitable.
If you take a sell trade below 0.7, then use 0.7 as stoploss and 0.6 as target. However if you take a buy trade in stock , then use 0.7 as stoploss and 0.73 as target.

Share price targets for American Resources (AREC)

Target Type	Value
Downside Target	0.59
Downside Target	0.65
Upside Target	0.71
Upside Target	0.81
Upside Target	0.84
Upside Target	1.11
Upside Target	1.23
Upside Target	1.24
Upside Target	1.35
Upside Target	1.56
Upside Target	1.59
Upside Target	1.78

Intraday share price targets for American Resources (AREC)

Target Type	Value
Downside Intraday Target	0.61
Downside Intraday Target	0.56
Upside Intraday Target	0.77
Upside Intraday Target	0.88
Upside Intraday Target	0.72

Weekly technical analysis of American Resources (AREC)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	0.67	0.79	0.82	0.66	0.662 times
12 Fri Jul 2024	0.78	0.64	0.84	0.60	4.308 times
05 Fri Jul 2024	0.64	0.71	0.71	0.61	0.232 times
03 Wed Jul 2024	0.66	0.79	0.85	0.62	1.474 times
28 Fri Jun 2024	0.73	0.74	0.81	0.65	1.542 times

Price has moved down 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 American Resources (AREC)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	0.67	0.79	0.85	0.60	0.568 times
28 Fri Jun 2024	0.73	1.19	1.23	0.59	2.379 times
31 Fri May 2024	1.15	1.48	1.56	1.11	1.114 times
30 Tue Apr 2024	1.43	1.42	1.59	1.24	1.029 times

Scroll below to view daily charts

Price has moved down 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 American Resources (AREC)

Price action analysis of American Resources ( (AREC) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of American Resources ( (AREC) ) 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 American Resources ( (AREC) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of American Resources ( (AREC) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

MACD generated a BUY signal for American Resources in short term but the buy signal is initial and weak.

American Resources Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for American Resources in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of American Resources is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.72 and American Resources (AREC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the American Resources (AREC) stock. Volume based technical analysis of American Resources (AREC) stock is negative.

American Resources Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

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