Technical Analysis for ARX - ARC Resources Ltd.

Grade Last Price % Change Price Change
B 25.610 0.83% 0.210
ARX closed down 0.2 percent on Tuesday, May 7, 2024, on 57 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.83%
Doji - Bearish? Reversal 0.83%
Crossed Above 20 DMA Bullish 0.63%
Gapped Up Strength 0.63%
Earnings Movers Other 4.02%
Outside Day Range Expansion 4.02%
Lower Bollinger Band Touch Weakness 4.02%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 3.06%
Earnings Movers Other 3.06%
Inside Day Range Contraction 3.06%

   Recent Intraday Alerts

Alert Time
20 DMA Support about 2 hours ago
10 DMA Support about 2 hours ago
Shooting Star Candlestick Entry about 2 hours ago
Fell Below Previous Day's Low about 2 hours ago
Down 1% about 2 hours ago

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Profile

ARC Resources Ltd. Description

ARC Resources Ltd is a crude oil and natural gas company. It is engaged in the exploration, development and production of crude oil and natural gas in Canada with an emphasis on the development of properties with hydrocarbons in place, commonly referred to as resource plays. Its properties, North Pembina Cardium Unit No. 1 (NPCU 1), Berrymoor Cardium Unit and Lindale Cardium Unit, are located in the Pembina Cardium field. Its Ante Creek property is located within the oil prone Montney trend, and produces a mixture of gas, oil and liquids. The Swan Hills property provides exposure to the Slave Point carbonate reef, which produces oil. Its South Central Alberta area includes a range of assets from southern and central Alberta. The Redwater field, located in central Alberta, produces light crude oil. The Company's Dawson Phase III facility is designed for processing capacity of approximately 90 million cubic feet (MMcf) per day and over 7,500 barrels per day of liquids-handling capacity.


Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Oil Natural Gas Petroleum Water Carbon Light Crude Oil Liquids Nature Western Canadian Sedimentary Basin Dawson Cardium Hydrocarbons Pembina Crew Energy Natural Gas In Canada Light Crude Oil Arc Resources Cardium Formation

Is ARX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 26.17
52 Week Low 15.7072
Average Volume 1,994,796
200-Day Moving Average 21.588
50-Day Moving Average 24.362
20-Day Moving Average 25.288
10-Day Moving Average 25.243
Average True Range 0.648
RSI (14) 55.16
ADX 23.42
+DI 21.722
-DI 19.917
Chandelier Exit (Long, 3 ATRs) 24.226
Chandelier Exit (Short, 3 ATRs) 26.144
Upper Bollinger Bands 26.170
Lower Bollinger Band 24.405
Percent B (%b) 0.56
BandWidth 6.982
MACD Line 0.209
MACD Signal Line 0.307
MACD Histogram -0.0978
Fundamentals Value
Market Cap 8.98 Billion
Num Shares 353 Million
EPS 0.40
Price-to-Earnings (P/E) Ratio 63.50
Price-to-Sales 2.08
Price-to-Book 0.88
PEG Ratio 2.65
Dividend 0.24
Dividend Yield 0.94%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.240
Resistance 3 (R3) 26.310 26.100 26.100
Resistance 2 (R2) 26.100 25.886 26.065 26.053
Resistance 1 (R1) 25.750 25.754 25.645 25.680 26.007
Pivot Point 25.540 25.540 25.488 25.505 25.540
Support 1 (S1) 25.190 25.326 25.085 25.120 24.793
Support 2 (S2) 24.980 25.194 24.945 24.747
Support 3 (S3) 24.630 24.980 24.700
Support 4 (S4) 24.560