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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 2024-08-12 View latest technical analysis

10 day averaged volume of American Resources is 278100

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	0.46	0.48	0.50	0.44	0.54 times
09 Fri Aug 2024	0.48	0.52	0.53	0.47	1.578 times
08 Thu Aug 2024	0.51	0.51	0.55	0.48	1.197 times
07 Wed Aug 2024	0.51	0.57	0.59	0.50	1.588 times
06 Tue Aug 2024	0.54	0.53	0.59	0.53	0.715 times
05 Mon Aug 2024	0.53	0.61	0.62	0.53	1.356 times
02 Fri Aug 2024	0.58	0.63	0.63	0.57	1.168 times
01 Thu Aug 2024	0.63	0.65	0.66	0.61	0.796 times
31 Wed Jul 2024	0.63	0.64	0.65	0.62	0.356 times
30 Tue Jul 2024	0.62	0.61	0.66	0.61	0.901 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 0.5, for a target of 0.5 or 0.6

Share price targets for American Resources (AREC)

Target Type	Value
Downside Target	0.44
Upside Target	0.47
Upside Target	0.50
Upside Target	0.57
Upside Target	0.59
Upside Target	0.66
Upside Target	0.69
Upside Target	0.82
Upside Target	0.85
Upside Target	1.11
Upside Target	1.23
Upside Target	1.24
Upside Target	1.56
Upside Target	1.59

Intraday share price targets for American Resources (AREC)

Target Type	Value
Downside Intraday Target	0.43
Downside Intraday Target	0.41
Upside Intraday Target	0.49
Upside Intraday Target	0.53
Upside Intraday Target	0.47

Weekly technical analysis of American Resources (AREC)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	0.46	0.48	0.50	0.44	0.084 times
09 Fri Aug 2024	0.48	0.61	0.62	0.47	1.804 times
02 Fri Aug 2024	0.58	0.63	0.66	0.57	0.629 times
26 Fri Jul 2024	0.62	0.67	0.69	0.60	0.575 times
19 Fri Jul 2024	0.62	0.79	0.82	0.61	1.04 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
12 Mon Aug 2024	0.46	0.65	0.66	0.44	0.233 times
31 Wed Jul 2024	0.63	0.79	0.85	0.60	0.792 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

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 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.

American Resources Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 negative zone. This is the SELL zone

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.54 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.