Technical Analysis for ARX - ARC Resources Ltd.

Grade Last Price % Change Price Change
B 22.670 -0.66% -0.150
ARX closed down 0.66 percent on Friday, February 23, 2024, on 48 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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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
Cup with Handle Other 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
Stochastic Sell Signal Bearish -0.66%
Jack-in-the-Box Bullish Bullish Swing Setup -0.66%
NR7 Range Contraction -0.66%
Upper Bollinger Band Walk Strength -0.66%

   Recent Intraday Alerts

Alert Time
Possible NR7 2 days ago
Fell Below Previous Day's Low 3 days ago
Down 1% 3 days ago
Up 5% 4 days ago
Up 1 ATR 5 days 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 Water Petroleum Carbon Light Crude Oil Liquids Nature Western Canadian Sedimentary Basin Dawson Cardium Hydrocarbons Crew Energy Pembina 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 23.557
52 Week Low 14.0042
Average Volume 2,019,761
200-Day Moving Average 19.878
50-Day Moving Average 20.689
20-Day Moving Average 21.387
10-Day Moving Average 22.100
Average True Range 0.664
RSI (14) 62.69
ADX 20.79
+DI 30.928
-DI 16.851
Chandelier Exit (Long, 3 ATRs) 21.238
Chandelier Exit (Short, 3 ATRs) 21.572
Upper Bollinger Bands 23.158
Lower Bollinger Band 19.616
Percent B (%b) 0.86
BandWidth 16.561
MACD Line 0.521
MACD Signal Line 0.340
MACD Histogram 0.1805
Fundamentals Value
Market Cap 8.01 Billion
Num Shares 353 Million
EPS 0.40
Price-to-Earnings (P/E) Ratio 56.68
Price-to-Sales 2.08
Price-to-Book 0.88
PEG Ratio 2.65
Dividend 0.24
Dividend Yield 1.06%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 23.315
Resistance 3 (R3) 23.287 23.043 23.208
Resistance 2 (R2) 23.043 22.879 23.058 23.172
Resistance 1 (R1) 22.857 22.778 22.950 22.885 23.136
Pivot Point 22.613 22.613 22.660 22.628 22.613
Support 1 (S1) 22.427 22.449 22.520 22.455 22.204
Support 2 (S2) 22.183 22.348 22.198 22.168
Support 3 (S3) 21.997 22.183 22.133
Support 4 (S4) 22.025