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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 2024-06-27 View latest technical analysis

10 day averaged volume of American Resources is 1103500

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	0.69	0.71	0.74	0.67	0.397 times
26 Wed Jun 2024	0.71	0.75	0.75	0.70	0.097 times
25 Tue Jun 2024	0.75	0.80	0.81	0.72	0.232 times
24 Mon Jun 2024	0.79	0.74	0.80	0.65	0.582 times
21 Fri Jun 2024	0.73	0.84	0.84	0.70	0.501 times
20 Thu Jun 2024	0.83	0.84	0.84	0.80	0.279 times
18 Tue Jun 2024	0.84	0.84	0.86	0.82	0.271 times
18 Tue Jun 2024	0.84	0.84	0.86	0.82	0.271 times
17 Mon Jun 2024	0.85	0.90	0.94	0.83	0.438 times
14 Fri Jun 2024	0.89	0.85	1.15	0.80	5.593 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.8, but if it comes above 0.8, then a intra day buy could be more profitable.
If you take a sell trade below 0.8, then use 0.8 as stoploss and 0.5 as target. However if you take a buy trade in stock , then use 0.8 as stoploss and 0.94 as target.

Share price targets for American Resources (AREC)

Target Type	Value
Downside Target	0.59
Downside Target	0.65
Upside Target	0.70
Upside Target	0.81
Upside Target	0.86
Upside Target	0.94
Upside Target	1.11
Upside Target	1.14
Upside Target	1.23
Upside Target	1.35
Upside Target	1.47
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	0.62
Downside Intraday Target	0.56
Upside Intraday Target	0.78
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
27 Thu Jun 2024	0.69	0.74	0.81	0.65	1.244 times
21 Fri Jun 2024	0.73	0.84	0.86	0.70	1.484 times
18 Tue Jun 2024	0.84	0.90	0.94	0.82	0.087 times
14 Fri Jun 2024	0.89	1.14	1.16	0.59	13.259 times
07 Fri Jun 2024	1.15	1.19	1.23	1.14	0.637 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
27 Thu Jun 2024	0.69	1.19	1.23	0.59	2.318 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
28 Thu Mar 2024	1.41	1.44	1.78	1.35	1.506 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of American Resources ( (AREC) ) based on a short to mid 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.

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 SELL signal for American Resources in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

American Resources Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 0.85 and American Resources (AREC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.