Permianville Royalty Stock Forecast

Buy or Hold candidate since May 12, 2025 Gain 0.64%

No changes to the price of Permianville Royalty stock on the last trading day (Thursday, 22nd May 2025). During the last trading day the stock fluctuated 3.25% from a day low at $1.54 to a day high of $1.59. The price has risen in 5 of the last 10 days and is up by 6.8% over the past 2 weeks.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $1.59 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Permianville Royalty stock with a 90% probability to be traded between $1.36 and $1.61 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 stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

PVL Signals & Forecast

The Permianville Royalty 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 $1.55 and $1.48. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Tuesday, May 13, 2025, and so far it has fallen -1.26%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Permianville Royalty stock

Permianville Royalty finds support from accumulated volume at $1.56 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0500 between high and low, or 3.25%. For the last week, the stock has had daily average volatility of 4.48%.

Our recommended stop-loss: $1.51 (-4.11%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (PVL) For The Upcoming Trading Day Of Friday 23rd

For the upcoming trading day on Friday, 23rd we expect Permianville Royalty Trust to open at $1.57, and during the day (based on 14 day Average True Range), to move between $1.51 and $1.63, which gives a possible trading interval of +/-$0.0607 (+/-3.86%) up or down from last closing price. If Permianville Royalty Trust takes out the full calculated possible swing range there will be an estimated 7.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.56 (0.64%) than the resistance at $1.59 (1.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Permianville Royalty Trust 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 Permianville Royalty stock to perform well in the short-term period.

Current score: 2.584 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on May 23, 2025 - $1.57 ( 0.212%).