Natural Resource Partners LP 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
Green day on Friday for Natural Resource Partners LP
(Updated on May 03, 2024)
The Natural Resource Partners LP stock price gained 0.567% on the last trading day (Friday, 3rd May 2024), rising from $90.00 to $90.51. During the last trading day the stock fluctuated 0.722% from a day low at $90.00 to a day high of $90.65. The price has risen in 6 of the last 10 days and is up by 1.16% over the past 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 10 thousand shares were bought and sold for approximately $944.47 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Natural Resource Partners LP stock with a 90% probability to be traded between $86.34 and $95.63 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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NRP Signals & Forecast
The Natural Resource Partners LP 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 $90.52. On a fall, the stock will find some support from the long-term average at approximately $90.20. 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 Tuesday, April 09, 2024, and so far it has risen 4.76%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A sell signal from a double top formation was found on Tuesday, April 02, 2024 and based on theory for this formation the price should fall by -13.39% to $78.39 within 18 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Natural Resource Partners LP stock
Natural Resource Partners LP finds support from accumulated volume at $90.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.650 between high and low, or 0.722%. For the last week the stock has had daily average volatility of 2.40%
Our recommended stop-loss: $85.72 (-5.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (NRP) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Natural Resource Partners LP to open at $90.39, and during the day (based on 14 day Average True Range), to move between $88.01 and $93.01, which gives a possible trading interval of +/-$2.50 (+/-2.76%) up or down from last closing price. If Natural Resource Partners LP takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $90.96 (0.50%) than the support at $90.00 (0.56%), 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
Natural Resource Partners LP will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Natural Resource Partners LP, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.35% in the first trading day after earnings release.
Is Natural Resource Partners LP stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Natural Resource Partners LP stock to perform well in the short-term period.
Current score: 3.417 Buy Candidate Unchanged
Predicted Opening Price for Natural Resource Partners LP of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $90.39 ( 0.136%) | $90.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NRP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 91.04 | 0.582 % | |
| R2 | 90.79 | 0.308 % | ||
| R1 | 90.63 | 0.138 % | ||
| Current price: | 90.51 | |||
| Support | S1 | 90.14 | -0.411 % | |
| S2 | 89.98 | -0.580 % | ||
| S3 | 89.74 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 92.61 | 2.32 % | |
| R2 | 92.00 | 1.65 % | ||
| R1 | 90.96 | 0.497 % | ||
| Current price | 90.51 | |||
| Support | S1 | 90.00 | -0.563% | |
| S2 | 89.94 | -0.630% | ||
| S3 | 87.39 | -3.45% |
NRP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 18, 2024 | Mar 26, 2024 | $2.44 | 2.66% |
| 2 | Feb 08, 2024 | Feb 16, 2024 | Feb 27, 2024 | $0.750 | 0.83% |
| 3 | Nov 03, 2023 | Nov 13, 2023 | Nov 21, 2023 | $0.750 | 0.98% |
| 4 | Aug 04, 2023 | Aug 15, 2023 | Aug 23, 2023 | $0.750 | 1.14% |
| 5 | May 04, 2023 | May 15, 2023 | May 23, 2023 | $0.750 | 1.56% |
FAQ
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