BPT Stock Forecast

BPT stock price ended at $2.35 on Thursday, after losing 0%.
(Updated on Apr 18, 2024)

BPT Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BPT stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.56 and $2.44. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for BPT stock

BPT finds support from accumulated volume at $2.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.130 between high and low, or 5.77%. For the last week the stock has had daily average volatility of 8.86%.

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

Trading Expectations (BPT) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect BP Prudhoe Bay Royalty Trust to open at $2.33, and during the day (based on 14 day Average True Range), to move between $2.14 and $2.56, which gives a possible trading interval of +/-$0.207 (+/-8.82%) 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 17.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.29 (2.55%) than the resistance at $2.50 (6.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BP Prudhoe Bay Royalty Trust stock A Buy?

BPT holds several negative signals and is within a very 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: -3.340 Sell Candidate Unchanged

Predicted Opening Price for BP Prudhoe Bay Royalty Trust of Friday, April 19, 2024

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