BPT Stock Forecast

High volatility in BPT stock price on Friday which ended trading at $2.24
(Updated on Apr 19, 2024)

BPT Signals & Forecast

There are few to no technical positive signals at the moment. The BPT stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.50 and $2.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -29.56%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). BPT gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for BPT stock

BPT finds support from accumulated volume at $2.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.230 between high and low, or 10.69%. For the last week, the stock has had daily average volatility of 8.93%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BPT) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect BP Prudhoe Bay Royalty Trust to open at $2.26, and during the day (based on 14 day Average True Range), to move between $2.03 and $2.45, which gives a possible trading interval of +/-$0.209 (+/-9.33%) up or down from last closing price. If BP Prudhoe Bay Royalty Trust takes out the full calculated possible swing range there will be an estimated 18.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.18 (2.68%) than the resistance at $2.35 (4.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BP Prudhoe Bay Royalty Trust stock A Buy?

BPT holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.684 Strong Sell Candidate Downgraded

Predicted Opening Price for BP Prudhoe Bay Royalty Trust of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.