ANTERO RESOURCES CORP is showing promising signs of setting up for a breakout.

A possible breakout setup was detected on ANTERO RESOURCES CORP (NYSE:AR) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NYSE:AR.

Insights from Technical Analysis

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

We assign a technical rating of 9 out of 10 to AR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AR is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• When comparing the yearly performance of all stocks, we notice that AR is one of the better performing stocks in the market, outperforming 91% of all stocks.
• AR is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry. AR outperforms 92% of them.
• AR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AR is lagging the market slightly.
• In the last month AR has a been trading in the 36.14 - 41.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of AR contains the most current technical analsysis.

How does the Setup look for NYSE:AR

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:AR has a 9 as its setup rating, indicating its current consolidation status.

AR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 40.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.31, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

How to trade NYSE:AR?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

More breakout setups can be found in our Breakout screener.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.