BPT Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
BPT stock price ended at $2.23 on Wednesday, after losing 1.76%.
(Updated on May 01, 2024)
The BPT stock price fell by -1.76% on the last day (Wednesday, 1st May 2024) from $2.27 to $2.23. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.07% from a day low at $2.21 to a day high of $2.30. The price has fallen in 6 of the last 10 days and is down by -5.11% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -39 thousand shares and in total, 119 thousand shares were bought and sold for approximately $265.80 thousand.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $2.05 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect BPT stock with a 90% probability to be traded between $2.07 and $3.21 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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BPT Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 1.83%. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.25 and $2.47. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for BPT stock
BPT finds support from accumulated volume at $2.19 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0900 between high and low, or 4.07%. For the last week the stock has had daily average volatility of 4.34%.
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 Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect BP Prudhoe Bay Royalty Trust to open at $2.25, and during the day (based on 14 day Average True Range), to move between $2.07 and $2.39, which gives a possible trading interval of +/-$0.160 (+/-7.19%) 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 14.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.19 (1.79%) than the resistance at $2.29 (2.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
BPT will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for BPT, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.51% in the first trading day after earnings release.
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: -1.177 Sell Candidate Unchanged
Predicted Opening Price for BP Prudhoe Bay Royalty Trust of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $2.25 ( 0.747%) | $2.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BPT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.34 | 4.78 % | |
| R2 | 2.30 | 3.24 % | ||
| R1 | 2.28 | 2.29 % | ||
| Current price: | 2.23 | |||
| Support | S1 | 2.21 | -0.794 % | |
| S2 | 2.19 | -1.75 % | ||
| S3 | 2.16 | -3.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.70 | 21.08 % | |
| R2 | 2.50 | 12.11 % | ||
| R1 | 2.29 | 2.69 % | ||
| Current price | 2.23 | |||
| Support | S1 | 2.19 | -1.79% | |
| S2 | 2.18 | -2.24% | ||
| S3 | 2.13 | -4.48% |
BPT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 06, 2023 | Jan 13, 2023 | Jan 23, 2023 | $0.297 | 2.35% |
| 2 | Oct 07, 2022 | Oct 14, 2022 | Oct 19, 2022 | $0.703 | 5.50% |
| 3 | Jul 05, 2022 | Jul 14, 2022 | Jul 20, 2022 | $1.41 | 8.09% |
| 4 | Apr 06, 2022 | Apr 14, 2022 | Apr 20, 2022 | $1.09 | 6.73% |
| 5 | Jan 06, 2022 | Jan 14, 2022 | Jan 19, 2022 | $0.581 | 9.43% |
FAQ
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