Cross Timbers Royalty Trust 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
Red day on Friday for Cross Timbers Royalty Trust stock after losing 0.277%
(Updated on Apr 26, 2024)
The Cross Timbers Royalty Trust stock price fell by -0.277% on the last day (Friday, 26th Apr 2024) from $14.44 to $14.40. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.27% from a day low at $13.95 to a day high of $14.68. The price has fallen in 6 of the last 10 days but is still up by 9.92% over the past 2 weeks. Volume has increased on the last day by 32 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 52 thousand shares were bought and sold for approximately $755.57 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $14.61 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -27.42% during the next 3 months and, with a 90% probability hold a price between $7.54 and $10.60 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CRT Signals & Forecast
The Cross Timbers Royalty Trust stock 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 $14.29 and $14.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 14.10%. 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. Cross Timbers Royalty Trust gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Cross Timbers Royalty Trust stock
On the downside, the stock finds support just below today's level from accumulated volume at $13.11 and $13.03. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cross Timbers Royalty Trust finds support just below today's level at $13.11. If this is broken, then the next support from accumulated volume will be at $13.03 and $12.62.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.735 between high and low, or 5.27%. For the last week, the stock has had daily average volatility of 3.61%.
Our recommended stop-loss: $13.94 (-3.21%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (CRT) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Cross Timbers Royalty Trust to open at $14.34, and during the day (based on 14 day Average True Range), to move between $13.83 and $14.97, which gives a possible trading interval of +/-$0.572 (+/-3.97%) up or down from last closing price. If Cross Timbers Royalty Trust takes out the full calculated possible swing range there will be an estimated 7.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.41 (0.10%) than the support at $13.11 (8.96%), 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 Cross Timbers Royalty Trust stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.706 Buy Candidate Unchanged
Predicted Opening Price for Cross Timbers Royalty Trust of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $14.34 ( 0.405%) | $14.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.08 | 4.70 % | |
| R2 | 14.80 | 2.75 % | ||
| R1 | 14.62 | 1.54 % | ||
| Current price: | 14.40 | |||
| Support | S1 | 14.06 | -2.35 % | |
| S2 | 13.89 | -3.56 % | ||
| S3 | 13.61 | -5.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.51 | 7.71 % | |
| R2 | 14.90 | 3.47 % | ||
| R1 | 14.41 | 0.101 % | ||
| Current price | 14.40 | |||
| Support | S1 | 13.11 | -8.96% | |
| S2 | 13.03 | -9.51% | ||
| S3 | 12.62 | -12.36% |
CRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 29, 2024 | May 14, 2024 | $0.136 | 0.94% |
| 2 | Mar 18, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.0194 | 0.148% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0 | 0% |
| 4 | Jan 19, 2024 | Jan 30, 2024 | Feb 14, 2024 | $0.115 | 0.668% |
| 5 | Dec 18, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.143 | 0.82% |
FAQ
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