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AI Analysis of NRP
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Natural Resource Partners LP stock price up 1.23% on Tuesday
(Updated on Apr 23, 2024)

Sell candidate since Apr 17, 2024 Loss -0.71% PDF

The Natural Resource Partners LP stock price gained 1.23% on the last trading day (Tuesday, 23rd Apr 2024), rising from $88.30 to $89.39. During the last trading day the stock fluctuated 1.25% from a day low at $89.00 to a day high of $90.12. The price has been going up and down for this period, and there has been a 3.46% gain for the last 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 18 thousand shares were bought and sold for approximately $1.62 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.17% during the next 3 months and, with a 90% probability hold a price between $77.86 and $88.90 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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NRP Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Natural Resource Partners LP stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $89.79 and $90.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -4.65%. 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).

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Tuesday, April 02, 2024 and based on theory for this formation the price should fall by -12.31% to $78.39 within 18 trading days since signal was issued (Wednesday, April 24, 2024).

Support, Risk & Stop-loss for Natural Resource Partners LP stock

Natural Resource Partners LP finds support from accumulated volume at $88.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.11 (1.25%) between high and low. For the last week, the stock has had daily average volatility of 2.72%.

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

Trading Expectations (NRP) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Natural Resource Partners LP to open at $89.50, and during the day (based on 14 day Average True Range), to move between $86.65 and $92.13, which gives a possible trading interval of +/-$2.74 (+/-3.06%) up or down from last closing price. If Natural Resource Partners LP takes out the full calculated possible swing range there will be an estimated 6.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $89.94 (0.62%) than the support at $88.73 (0.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Natural Resource Partners LP stock A Buy?

Natural Resource Partners LP holds several negative signals and is within a 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.

Current score: -1.525 Sell Candidate Unchanged

Predicted Opening Price for Natural Resource Partners LP of Wednesday, April 24, 2024

Fair opening price April 24, 2024 Current price
$89.50 ( 0.125%) $89.39

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

Trading levels for NRP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 90.62 1.37 %
R2 90.19 0.90 %
R1 89.93 0.601 %
Current price: 89.39
Support S1 89.08 -0.352 %
S2 88.81 -0.646 %
S3 88.39 -1.12 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 92.61 3.60 %
R2 90.96 1.76 %
R1 89.94 0.615 %
Current price 89.39
Support S1 88.73 -0.738%
S2 87.39 -2.24%
S3 86.40 -3.34%

NRP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2024 Mar 18, 2024 Mar 26, 2024 $2.44 2.66%
2 Feb 08, 2024 Feb 16, 2024 Feb 27, 2024 $0.750 0.83%
3 Nov 03, 2023 Nov 13, 2023 Nov 21, 2023 $0.750 0.98%
4 Aug 04, 2023 Aug 15, 2023 Aug 23, 2023 $0.750 1.14%
5 May 04, 2023 May 15, 2023 May 23, 2023 $0.750 1.56%

FAQ

What is the symbol for Natural Resource Partners LP Stock and on which exchange is it traded?
The symbol for Natural Resource Partners LP is NRP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Natural Resource Partners LP Stock?
Natural Resource Partners LP holds several negative signals and is within a 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.

How to buy Natural Resource Partners LP Stock?
Natural Resource Partners LP Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Natural Resource Partners LP Stock.

What's the current price of Natural Resource Partners LP Stock?
As of the end of day on the Apr 23, 2024, the price of an Natural Resource Partners LP (NRP) share was $89.39.

What is the 52-week high and low for Natural Resource Partners LP Stock?
The 52-week high for Natural Resource Partners LP Stock is $102.00 and the 52-week low is $44.68.

What is the market capitalization of Natural Resource Partners LP Stock?
As of the Apr 23, 2024, the market capitalization of Natural Resource Partners LP is 1.144B.

When is the next earnings date for Natural Resource Partners LP?
The upcoming earnings date for Natural Resource Partners LP is May 02, 2024.
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About Natural Resource Partners LP

Natural Resource Partners LP Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates through two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in Appalachia, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregat... NRP Profile

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