Bp Prudhoe Bay Royalty Trust Trust Forecast

Bp Prudhoe Bay Royalty Trust trust upgraded to Buy Candidate.
(Updated on Jun 24, 2024)

0S10.L Signals & Forecast

The Bp Prudhoe Bay Royalty Trust trust holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £2.45 and £2.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 12.44%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Bp Prudhoe Bay Royalty Trust trust

On the downside, the trust finds support just below today's level from accumulated volume at £2.32 and £2.30. There is a natural risk involved when a trust is testing a support level, since if this is broken, the trust then may fall to the next support level. In this case, Bp Prudhoe Bay Royalty Trust finds support just below today's level at £2.32. If this is broken, then the next support from accumulated volume will be at £2.30 and £2.24.

This trust has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the trust moved £0 between high and low, or 0%. For the last week the trust has had daily average volatility of 0%.

Our recommended stop-loss: £2.37 (-3.29%) (This trust has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)

Trading Expectations (0S10.L) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Bp Prudhoe Bay Royalty Trust to open at £2.45, and during the day (based on 14 day Average True Range), to move between £2.35 and £2.55, which gives a possible trading interval of +/-£0.0985 (+/-4.02%) 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 8.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £2.50 (2.13%) than the support at £2.32 (5.35%), 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 Bp Prudhoe Bay Royalty Trust trust A Buy?

Several short-term signals are positive, despite the trust being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for trust to perform well in the short-term. We have upgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.771 Buy Candidate Upgraded

Predicted Opening Price for Bp Prudhoe Bay Royalty Trust of Tuesday, June 25, 2024

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