Gulf Coast Ultra Deep 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 Gulf Coast Ultra Deep Royalty Trust
(Updated on May 03, 2024)
The Gulf Coast Ultra Deep Royalty Trust stock price fell by -0.540% on the last day (Friday, 3rd May 2024) from $0.0130 to $0.0129. During the last trading day the stock fluctuated 0.775% from a day low at $0.0129 to a day high of $0.0130. The price has risen in 6 of the last 10 days but is still down by -0.77% for this period. Volume has increased on the last day by 131 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, 142 thousand shares were bought and sold for approximately $1.83 thousand.
The stock lies in the middle of a very wide 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 2.87% during the next 3 months and, with a 90% probability hold a price between $0.0119 and $0.0160 at the end of this 3-month period.
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GULTU Signals & Forecast
The Gulf Coast Ultra Deep Royalty Trust 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 $0.0129. On a fall, the stock will find some support from the long-term average at approximately $0.0128. 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. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 12.17%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Gulf Coast Ultra Deep 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Gulf Coast Ultra Deep Royalty Trust stock
Gulf Coast Ultra Deep Royalty Trust finds support from accumulated volume at $0.0125 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0001 between high and low, or 0.775%. For the last week, the stock has had daily average volatility of 0.419%.
Our recommended stop-loss: $0.0125 (-3.30%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (GULTU) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Gulf Coast Ultra Deep Royalty Trust to open at $0.0129, and during the day (based on 14 day Average True Range), to move between $0.0121 and $0.0137, which gives a possible trading interval of +/-$0.0008 (+/-6.02%) up or down from last closing price. If Gulf Coast Ultra Deep Royalty Trust takes out the full calculated possible swing range there will be an estimated 12.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0130 (0.78%) than the support at $0.0125 (3.10%), 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.
Earnings coming up
Gulf Coast Ultra Deep Royalty Trust will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Gulf Coast Ultra Deep Royalty Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.72% in the first trading day after earnings release.
Is Gulf Coast Ultra Deep Royalty Trust stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gulf Coast Ultra Deep Royalty Trust stock to perform well in the short-term.
Current score: 1.556 Buy Candidate Unchanged
Predicted Opening Price for Gulf Coast Ultra Deep Royalty Trust of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$0.0129 ( 0.258%) | $0.0129 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GULTU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0130 | 1.03 % | |
R2 | 0.0130 | 0.737 % | ||
R1 | 0.0130 | 0.555 % | ||
Current price: | 0.0129 | |||
Support | S1 | 0.0129 | -0.0377 % | |
S2 | 0.0129 | -0.221 % | ||
S3 | 0.0128 | -0.517 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0150 | 16.28 % | |
R2 | 0.0134 | 3.49 % | ||
R1 | 0.0130 | 0.775 % | ||
Current price | 0.0129 | |||
Support | S1 | 0.0125 | -3.10% | |
S2 | 0.0120 | -6.98% | ||
S3 | 0.0115 | -10.85% |
GULTU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 14, 2023 | Apr 27, 2023 | May 12, 2023 | $0.0009 | 4.76% |
2 | Jan 20, 2023 | Jan 30, 2023 | Feb 10, 2023 | $0.0030 | 23.08% |
3 | Oct 19, 2022 | Oct 27, 2022 | Nov 14, 2022 | $0.0030 | 7.50% |
4 | Jul 19, 2022 | Jul 28, 2022 | Aug 12, 2022 | $0.0010 | 2.12% |
5 | Apr 22, 2022 | Apr 28, 2022 | May 13, 2022 | $0.0010 | 2.11% |
FAQ
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