RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PHX
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Panhandle Royalty Company stock price ended at $3.41 on Thursday, after gaining 2.71%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 22, 2024 Gain 8.25% PDF

The Panhandle Royalty Company stock price gained 2.71% on the last trading day (Thursday, 28th Mar 2024), rising from $3.32 to $3.41. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.71% from a day low at $3.36 to a day high of $3.41. The price has risen in 6 of the last 10 days and is up by 12.54% over the past 2 weeks. Volume fell on the last day by -33 thousand shares and in total, 51 thousand shares were bought and sold for approximately $174.21 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.

Given the current short-term trend, the stock is expected to fall -4.43% during the next 3 months and, with a 90% probability hold a price between $2.75 and $3.26 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

PHX Signals & Forecast

The Panhandle Royalty Company 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 $3.21 and $3.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 20, 2024, and so far it has risen 15.59%. 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.

Support, Risk & Stop-loss for Panhandle Royalty Company stock

Panhandle Royalty Company finds support from accumulated volume at $3.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0575 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 3.49%.

The Panhandle Royalty Company stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $3.31 (-2.80%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (PHX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Panhandle Royalty Company to open at $3.39, and during the day (based on 14 day Average True Range), to move between $3.32 and $3.50, which gives a possible trading interval of +/-$0.0881 (+/-2.58%) up or down from last closing price. If Panhandle Royalty Company takes out the full calculated possible swing range there will be an estimated 5.17% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $3.25, some $0.160 (4.69%) from the current price of $3.41, our system finds the risk reward attractive.

Is Panhandle Royalty Company 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: 2.702 Buy Candidate Unchanged

Predicted Opening Price for Panhandle Royalty Company of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.39 ( 0.513%) $3.41

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PHX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.45 1.17 %
R2 3.43 0.529 %
R1 3.41 0.131 %
Current price: 3.41
Support S1 3.37 -1.16 %
S2 3.36 -1.56 %
S3 3.34 -2.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 3.41
Support S1 3.25 -4.69%
S2 3.04 -10.85%
S3 3.03 -11.14%

PHX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 15, 2024 Mar 15, 2024 Mar 29, 2024 $0.0300 0.88%
2 Nov 08, 2023 Nov 21, 2023 Dec 07, 2023 $0.0300 0.93%
3 Aug 23, 2023 Aug 23, 2023 Sep 08, 2023 $0.0225 0.608%
4 May 09, 2023 May 19, 2023 Jun 06, 2023 $0.0230 0.782%
5 Dec 13, 2022 Feb 16, 2023 Mar 03, 2023 $0.0230 0.767%

FAQ

What is the symbol for Panhandle Royalty Company Stock and on which exchange is it traded?
The symbol for Panhandle Royalty Company is PHX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Panhandle Royalty Company Stock?
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.

How to buy Panhandle Royalty Company Stock?
Panhandle Royalty Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Panhandle Royalty Company Stock.

What's the current price of Panhandle Royalty Company Stock?
As of the end of day on the 2024-03-28, the price of an Panhandle Royalty Company (PHX) share was $3.41.

What is the 52-week high and low for Panhandle Royalty Company Stock?
The 52-week high for Panhandle Royalty Company Stock is $3.89 and the 52-week low is $2.51.

What is the market capitalization of Panhandle Royalty Company Stock?
As of the 2024-03-28, the market capitalization of Panhandle Royalty Company is 127.664M.

When is the next earnings date for Panhandle Royalty Company?
The upcoming earnings date for Panhandle Royalty Company is May 07, 2024.
Click to get the best stock tips daily for free!

About Panhandle Royalty Company

Panhandle Royalty Company PHX Minerals Inc. operates as a natural gas and oil mineral company in the United States. The company produces and sells natural gas, crude oil, and natural gas liquids. Its principal properties are located in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. As of September 30, 2021, the company owned perpetual ownership of 251,600 net mineral acres; leased 18,298 net acres; and held working interests and royalty interests in 6,457 produci... PHX Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT