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Blueknight Energy Partners L.P. Stock Forecast NASDAQ:BKEPP

$8.41 (0%)

Volume: 8k

Closed: Dec 03, 2021

Hollow Logo Score: 0.427

Blueknight Energy Partners L.P. Stock Forecast

$8.41 (0%)

Volume: 8k

Closed: Dec 03, 2021

Score Hollow Logo 0.427
Which way will BKEPP go? Request
Stop-loss: $8.05 (-4.26%)
Key Stats
Beta 0.2
Trailing Dividend Rate 8.23% ($0.69)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 60 and the stock is currently not being overbought or oversold

Blueknight Energy Partners L.P. stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Dec 03, 2021)


Buy or Hold candidate since 2021-10-18 Gain 2.25%

No changes to the price of Blueknight Energy Partners L.P. stock on the last trading day (Friday, 3rd Dec 2021). During the day the stock fluctuated 0% from a day low at $8.41 to a day high of $8.41. The price has fallen in 6 of the last 10 days and is down by -0.71% for this period.

The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.02% during the next 3 months and, with a 90% probability hold a price between $8.48 and $8.79 at the end of this 3-month period.

Signals & Forecast

The Blueknight Energy Partners L.P. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $8.43. On a fall, the stock will find some support from the long-term average at approximately $8.32. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, December 01, 2021, and so far it has fallen -1.29%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

Blueknight Energy Partners L.P. finds support from accumulated volume at $8.30 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 between high and low, or 0%. For the last week the stock has had a daily average volatility of 0.92%.

Our recommended stop-loss: $8.05 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Is Blueknight Energy Partners L.P. stock A Buy?

Blueknight Energy Partners L.P. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.427

Predicted Opening Price for Blueknight Energy Partners L.P. of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$8.41 $8.41 (Undervalued)
Hold/Accumulate Downgraded

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Volatility and Risk
Daily Average Volatility: 0.92 %
Overall Risk: Very High High Medium Low Very Low
Volatility
0.92 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $8.46
Price: $8.41
Support: $8.30

BKEPP Insider Trading Show all Trades

INSIDER POWER

116.240

Last 29 transactions
Buy: 3 256 245 | Sell: 28 013 (Shares)
Date Action Amount Person Type
Sep 13, 2021 Buy 5 000 Woodward D Andrew Common units representing limited partner interests
Aug 13, 2021 Buy 1 188 Woodward D Andrew Common units representing limited partner interests
Jul 01, 2021 Buy 10 853 Woodward D Andrew Common units representing limited partner interests
Jun 02, 2021 Buy 1 000 Bradshaw Steven M Common units representing limited partner interests
Jun 01, 2021 Buy 1 000 Bradshaw Steven M Common units representing limited partner interests
Show all Insider Trades
INSIDER POWER

116.240

Last 29 transactions
Buy: 3 256 245 | Sell: 28 013 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 8.41 .
8.41 .
8.41 .
Current price: 8.41
Support 8.41 .
8.41 .
8.41 .

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 8.48 0.83 %
8.47 0.71 %
8.46 0.59 %
Current price 8.41
Support 8.30 -1.31%
8.25 -1.90%
8.15 -3.09%

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About Blueknight Energy Partners L.P.

Blueknight Energy Partners LP Blueknight Energy Partners, L.P. provides integrated terminalling, storage, processing, gathering, and transportation services for companies engaged in the production, distribution, and marketing of crude oil and asphalt products in the United States. Its Asphalt Terminalling Services segment offers asphalt product and residual fuel oil storage services that enable its customers to manage their asphalt product storage, processing, and marketing a... Read more

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