PermRock 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
Evaluation of PermRock Royalty Trust stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The PermRock Royalty Trust stock price gained 0.508% on the last trading day (Tuesday, 2nd Jul 2024), rising from $3.94 to $3.96. During the last trading day the stock fluctuated 1.26% from a day low at $3.95 to a day high of $4.00. The price has risen in 7 of the last 10 days and is up by 4.62% over the past 2 weeks. Volume fell on the last day by -29 thousand shares and in total, 10 thousand shares were bought and sold for approximately $40.05 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 lies the upper part of a 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 $4.01 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 -9.92% during the next 3 months and, with a 90% probability hold a price between $3.18 and $3.62 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.
PRT Signals & Forecast
The PermRock 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 $3.94 and $3.82. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -1.88%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for PermRock Royalty Trust stock
PermRock Royalty Trust finds support from accumulated volume at $3.92 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 $0.0499 between high and low, or 1.26%. For the last week the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRT) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect PermRock Royalty Trust to open at $3.97, and during the day (based on 14 day Average True Range), to move between $3.85 and $4.07, which gives a possible trading interval of +/-$0.106 (+/-2.68%) up or down from last closing price. If PermRock Royalty Trust takes out the full calculated possible swing range there will be an estimated 5.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.00 (1.01%) than the support at $3.92 (1.01%), 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 PermRock Royalty Trust stock A Buy?
PermRock Royalty Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -1.125 Sell Candidate Downgraded
Predicted Opening Price for PermRock Royalty Trust of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $3.97 ( 0.252%) | $3.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.02 | 1.51% |
| R2 | 4.00 | 1.03% |
| R1 | 3.99 | 0.733% |
| Price | 3.96 | |
| S1 | 3.95 | -0.230% |
| S2 | 3.94 | -0.527% |
| S3 | 3.92 | -1.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.24 | 7.07% |
| R2 | 4.01 | 1.26% |
| R1 | 4.00 | 1.01% |
| Price | 3.96 | |
| S1 | 3.92 | -1.01% |
| S2 | 3.89 | -1.77% |
| S3 | 3.79 | -4.29% |
PRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0400 | 1.01% |
| 2 | May 20, 2024 | May 31, 2024 | Jun 14, 2024 | $0.0403 | 1.07% |
| 3 | Apr 19, 2024 | Apr 29, 2024 | May 14, 2024 | $0.0307 | 0.783% |
| 4 | Mar 18, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.0230 | 0.547% |
| 5 | Feb 16, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0.0350 | 0.788% |
FAQ
Click here for our free guide on how to buy PermRock Royalty Trust Stock.
