ARLP Price Prediction Next Week
Technical Analysis: Based on recent price action, ARLP has shown a bearish trend, declining from $28.14 to $26.11 over the past week. The stock is currently trading below its 5-day moving average, indicating short-term weakness.
News Impact:
- Recent earnings report showed weaker-than-expected Q4 results
- RBC's lowered thermal coal price target to $135/t indicates potential pressure on coal producers
- The company's Bitcoin mining operations (482 BTC on balance sheet) provide some diversification but remain an ancillary venture
Price Drivers:
- Coal market fundamentals show bearish sentiment with Newcastle thermal coal prices dropping to $105/t, lowest since mid-2021
- High inventory levels in major markets like China and India
- However, RBC expects coal prices to recover to $135/t in Q2 2025
Next Week Price Prediction:
Target Levels:
- Resistance: $26.68 (recent high)
- Support: $26.11 (current level)
- Secondary Support: $25.80
Based on technical indicators and news sentiment, ARLP is likely to continue its downward trend in the coming week. Price target: $25.80-26.20 range.
Recommendation: SELL
- Current weakness in coal prices
- Technical indicators showing bearish momentum
- Negative earnings surprise impact still being priced in
ARLP Similar Chart Price Prediction
The price of ARLP is predicted to go up 33.33%, based on the high correlation periods with KGEI. The similarity of these two price pattern on the periods is 92.52%.
ARLP
KGEI
Up: 33.33%Similarity: 92.52%
ARLP Revenue Forecast
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ARLP Analyst's Forecast
Nathan Martin
Benchmark
Strong Buy
2024-10-29
Price Target
$26 → $27
Upside
+5.43%
Benchmark analyst Nathan Martin raised the firm's price target on Alliance Resource Partners to $27 from $26 and keeps a Buy rating on the shares. Alliance is finalizing additional contracts for about 21.7M tons over the 2025-2030 timeframe that will lift its 2025 commitments to historical levels heading into next year and while 2025 pricing will likely decline, the culmination of recent projects should drive costs lower, with management targeting flat year-over-year margins of 30%, the analyst tells investors in a post-earnings note.
