Skip to main content

Antero Resources Corp(AR-N)
NYSE

Today's Change
Real-Time Last Update Last Sale Cboe BZX Real-Time

Antero Resources (AR): Is It Ready For Next Rally ?

Elliott Wave Forecast - Mon Jun 12, 2023

Antero Resources Corporation, (AR)  engages in the development, production, exploration & acquisition of natural gas, natural gas liquids & oil properties in the United States. It is based in Denver, Colorado, trades at “AR” ticker at NYSE & comes under Energy sector.

Since 2014 high, AR traded lower & made a low of $0.64 in March-2020. Above there, it started impulse sequence higher as I red ended at $48.80. It favors pullback in II & expect to find support between $24.08 - $10.95 area to resume higher.

AR - Elliott Wave Latest Weekly View: 

In weekly, it placed ((1)) at $21.99 high & ((2)) at $15.38 low as shallow correction. It extended higher in ((3)), which finished at $39.24 high. It corrected lower in ((4)) as 0.382 Fibonacci retracement of ((3)), ended at $30.94 low. Finally, it finished ((5)) at $48.80 high as wave I impulse. Below there, it is correcting lower in zigzag in II before turning higher.

AR - Elliott Wave Latest Daily View: 

Below I red high, it placed ((A)) at $27.58 low & ((B)) at $45.33 high. It favors lower in ((C)) between $24.08 - $10.95 area to finish II correction before upside resumes. It placed (1) at $28.99 low, (2) at $40.19 high, (3) at $19.91 low & favors bounce in A of (4). It expects to bounce in (4) in 3 or 7 swings before turning lower in (5) in extreme areas, where buyers expect to enter the market for at least 3 swing higher or next sequence up.

Source: https://elliottwave-forecast.com/stock-market/antero-resources-ar-ready-next-rally/


On the date of publication, Elliott Wave Forecast did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More from The Globe