Alliance Resource Partners Lp (ARLP): Price Now Near $9.43; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for ARLP

Currently, ARLP (Get Ratings)’s price is down $-0.09 (-0.91%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as ARLP has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Coal stocks, ARLP ranks 2nd in regards to today’s price percentage change.

ARLP’s Technical Outlook on the Daily Chart

At the time of this writing, ARLP’s price is up $0.03 (0.32%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as ARLP has now gone up 8 of the past 10 days. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows ARLP’s price action over the past 90 days.

ARLP

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ARLP: Daily RSI Analysis

  • ARLP’s RSI now stands at 59.0909.
  • ARLP and RSI may be exhibiting divergent trends. This may be something to monitor.

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