Alpha Metallurgical Resources Inc

AMR remains entrenched in a Stage 4 decline with a persistent sequence of lower highs and lower lows under declining EMAs and SMAs, trading at extreme oversold levels. A Bearish Exhaustion pattern suggests fleeting seller fatigue but lacks sustained follow-through, and price is extended below and rejecting the 9EMA/21EMA resistance zone. Medium- and long-term biases remain bearish; execution should be deferred, trimming into any relief rallies near the EMA resistance zone rather than initiating at current levels.

• ↑Q1 2026 Adjusted EBITDA rose to $30M from $28.5M in Q4 2025
• ↑Coal sales cost improved to ~$100/ton from $110/ton last quarter
• ↓Negative profitability factors; net loss of $382M in Q1 2026