Natural Resource Partners LP Stock Forecast
Green day on Thursday for Natural Resource Partners LP stock after gaining 0.167%
(Updated on May 16, 2024)
The Natural Resource Partners LP stock price gained 0.167% on the last trading day (Thursday, 16th May 2024), rising from $90.01 to $90.16. During the last trading day the stock fluctuated 0.495% from a day low at $89.91 to a day high of $90.35. The price has risen in 6 of the last 10 days and is up by 0.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately $1.60 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Natural Resource Partners LP stock with a 90% probability to be traded between $85.58 and $94.07 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NRP Signals & Forecast
There are mixed signals in the stock today. The Natural Resource Partners LP stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $90.20. On a fall, the stock will find some support from the short-term average at $89.89. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -2.00%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
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 -13.06% to $78.39 within 18 trading days since signal was issued (Friday, May 17, 2024).
Support, Risk & Stop-loss for Natural Resource Partners LP stock
Natural Resource Partners LP finds support from accumulated volume at $90.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.445 between high and low, or 0.495%. For the last week the stock has had daily average volatility of 1.19%.
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 Friday 17th
For the upcoming trading day on Friday, 17th we expect Natural Resource Partners LP to open at $90.14, and during the day (based on 14 day Average True Range), to move between $88.18 and $92.14, which gives a possible trading interval of +/-$1.98 (+/-2.20%) 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 4.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $90.00 (0.18%) than the resistance at $90.96 (0.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Natural Resource Partners LP stock A Buy?
Natural Resource Partners LP holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.006 Sell Candidate Unchanged
Predicted Opening Price for Natural Resource Partners LP of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $90.14 ( 0.0240%) | $90.16 |
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 | 90.58 | 0.470 % | |
| R2 | 90.41 | 0.281 % | ||
| R1 | 90.31 | 0.165 % | ||
| Current price: | 90.16 | |||
| Support | S1 | 89.97 | -0.213 % | |
| S2 | 89.86 | -0.329 % | ||
| S3 | 89.69 | -0.518 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 92.61 | 2.72 % | |
| R2 | 92.00 | 2.04 % | ||
| R1 | 90.96 | 0.89 % | ||
| Current price | 90.16 | |||
| Support | S1 | 90.00 | -0.177% | |
| S2 | 89.94 | -0.244% | ||
| S3 | 89.72 | -0.488% |
NRP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 28, 2024 | $0.750 | 0.83% |
| 2 | Mar 07, 2024 | Mar 18, 2024 | Mar 26, 2024 | $2.44 | 2.66% |
| 3 | Feb 08, 2024 | Feb 16, 2024 | Feb 27, 2024 | $0.750 | 0.83% |
| 4 | Nov 03, 2023 | Nov 13, 2023 | Nov 21, 2023 | $0.750 | 0.98% |
| 5 | Aug 04, 2023 | Aug 15, 2023 | Aug 23, 2023 | $0.750 | 1.14% |
FAQ
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