USA Compression Partners LP Stock Forecast

Green day on Wednesday for USA Compression Partners LP stock after gaining 0.96%
(Updated on May 08, 2024)

USAC Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 4.83%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The USA Compression 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 $25.83. On a fall, the stock will find some support from the short-term average at $24.49. 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. The stock had a Golden Star Signal on Tuesday, August 08, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for USA Compression Partners LP stock

USA Compression Partners LP finds support from accumulated volume at $25.00 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 $0.660 (2.67%) between high and low. For the last week, the stock has had daily average volatility of 2.66%.

Our recommended stop-loss: $24.03 (-4.55%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (USAC) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect USA Compression Partners LP to open at $25.07, and during the day (based on 14 day Average True Range), to move between $24.54 and $25.82, which gives a possible trading interval of +/-$0.642 (+/-2.55%) up or down from last closing price. If USA Compression Partners LP takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.00 (0.71%) than the resistance at $26.48 (5.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is USA Compression Partners LP stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for USA Compression Partners LP stock to perform well in the short-term period.

Current score: 2.548 Buy Candidate Unchanged

Predicted Opening Price for USA Compression Partners LP of Thursday, May 9, 2024

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