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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 2024-09-24 View latest technical analysis

10 day averaged volume of American Resources is 248160

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	0.71	0.65	0.72	0.61	1.114 times
23 Mon Sep 2024	0.66	0.64	0.66	0.59	0.808 times
20 Fri Sep 2024	0.65	0.59	0.65	0.55	0.726 times
19 Thu Sep 2024	0.61	0.64	0.64	0.56	0.928 times
18 Wed Sep 2024	0.59	0.53	0.72	0.53	3.899 times
17 Tue Sep 2024	0.50	0.51	0.51	0.49	0.394 times
16 Mon Sep 2024	0.50	0.49	0.51	0.46	0.647 times
13 Fri Sep 2024	0.49	0.49	0.52	0.47	0.63 times
12 Thu Sep 2024	0.49	0.48	0.49	0.45	0.603 times
11 Wed Sep 2024	0.46	0.43	0.49	0.43	0.636 times

Although my analysis for stock 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 0.7, for a target of 0.6 or 0.53

Share price targets for American Resources (AREC)

Target Type	Value
Downside Target	0.41
Downside Target	0.44
Downside Target	0.45
Downside Target	0.46
Downside Target	0.49
Downside Target	0.51
Downside Target	0.59
Downside Target	0.66
Upside Target	0.72
Upside Target	0.85
Upside Target	1.11
Upside Target	1.23
Upside Target	1.56

Intraday share price targets for American Resources (AREC)

Target Type	Value
Downside Intraday Target	0.63
Downside Intraday Target	0.54
Upside Intraday Target	0.76
Upside Intraday Target	0.8
Downside Intraday Target	0.67

Weekly technical analysis of American Resources (AREC)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	0.71	0.64	0.72	0.59	0.292 times
20 Fri Sep 2024	0.65	0.49	0.72	0.46	1.757 times
13 Fri Sep 2024	0.49	0.47	0.52	0.41	1.762 times
06 Fri Sep 2024	0.46	0.51	0.51	0.45	3.801 times
30 Fri Aug 2024	0.51	0.51	0.53	0.49	0.212 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 American Resources (AREC)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	0.71	0.51	0.72	0.41	0.737 times
30 Fri Aug 2024	0.51	0.65	0.66	0.44	0.455 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

Scroll below to view daily charts

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 American Resources (AREC)

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

Price action analysis of American Resources ( (AREC) ) 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 American Resources ( (AREC) ) based on a short to mid 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 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 and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for American Resources in short term and BUY 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 0.59 and American Resources (AREC) 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 American Resources (AREC) stock. Volume based technical analysis of American Resources (AREC) stock is negative.

American Resources 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.