North European Oil Royality Trust Stock Forecast
Weaker technical forecast for North European Oil Royality Trust as stock downgraded to Sell Candidate.
(Updated on Jun 17, 2024)
The North European Oil Royality Trust stock price fell by -2.25% on the last day (Monday, 17th Jun 2024) from $5.78 to $5.65. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.99% from a day low at $5.51 to a day high of $5.73. The price has fallen in 9 of the last 10 days and is down by -15.17% for this period. Volume has increased on the last day by 53 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, 91 thousand shares were bought and sold for approximately $516.90 thousand.
Given the current short-term trend, the stock is expected to rise 5.85% during the next 3 months and, with a 90% probability hold a price between $5.98 and $9.03 at the end of this 3-month period.
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NRT Signals & Forecast
There are few to no technical positive signals at the moment. The North European Oil Royality Trust 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 $5.89 and $7.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -32.42%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). North European Oil Royality 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 North European Oil Royality Trust stock
North European Oil Royality Trust finds support from accumulated volume at $5.63 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 $0.220 between high and low, or 3.99%. For the last week, the stock has had daily average volatility of 3.98%.
North European Oil Royality Trust is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NRT) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect North European Oil Royality Trust to open at $5.63, and during the day (based on 14 day Average True Range), to move between $5.27 and $6.03, which gives a possible trading interval of +/-$0.375 (+/-6.64%) up or down from last closing price. If North European Oil Royality Trust takes out the full calculated possible swing range there will be an estimated 13.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.63 (0.35%) than the resistance at $5.95 (5.31%), 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
North European Oil Royality Trust will release earnings BMO on Friday, June 21, 2024. We will update the financials statements for North European Oil Royality Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.95% in the first trading day after earnings release.
Is North European Oil Royality Trust stock A Buy?
The North European Oil Royality Trust stock holds several negative signals and despite the positive trend, we believe North European Oil Royality Trust will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.380 Sell Candidate Downgraded
Predicted Opening Price for North European Oil Royality Trust of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $5.63 ( 0.354%) | $5.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NRT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.85 | 3.54% |
| R2 | 5.77 | 2.05% |
| R1 | 5.71 | 1.13% |
| Price | 5.65 | |
| S1 | 5.55 | -1.84% |
| S2 | 5.49 | -2.76% |
| S3 | 5.41 | -4.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.53 | 15.58% |
| R2 | 6.45 | 14.16% |
| R1 | 5.95 | 5.31% |
| Price | 5.65 | |
| S1 | 5.63 | -0.354% |
| S2 | 5.45 | -3.54% |
| S3 | 5.26 | -6.90% |
NRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 29, 2024 | $0.200 | 2.93% |
| 2 | Jan 31, 2024 | Feb 15, 2024 | Feb 28, 2024 | $0.0500 | 0.91% |
| 3 | Jul 31, 2023 | Aug 17, 2023 | Aug 30, 2023 | $0.210 | 1.74% |
| 4 | Apr 28, 2023 | May 18, 2023 | May 31, 2023 | $1.05 | 8.10% |
| 5 | Jan 31, 2023 | Feb 16, 2023 | Feb 28, 2023 | $1.00 | 8.17% |
FAQ
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