Permianville Royalty Stock Forecast
Permianville Royalty stock downgraded from Sell Candidate to Strong Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Permianville Royalty stock price fell by -3.59% on the last day (Wednesday, 26th Jun 2024) from $1.11 to $1.07. During the last trading day the stock fluctuated 2.80% from a day low at $1.07 to a day high of $1.10. The price has fallen in 7 of the last 10 days and is down by -10.08% for this period. Volume has increased on the last day by 30 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, 62 thousand shares were bought and sold for approximately $66.75 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.01 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.86% during the next 3 months and, with a 90% probability hold a price between $0.82 and $1.16 at the end of this 3-month period.
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PVL Signals & Forecast
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. The Permianville Royalty 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 $1.11 and $1.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -35.54%. Further fall is indicated until a new bottom pivot has been found. Permianville Royalty 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Permianville Royalty stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0300 between high and low, or 2.80%. For the last week, the stock has had daily average volatility of 4.24%.
Permianville Royalty is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PVL) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Permianville Royalty Trust to open at $1.08, and during the day (based on 14 day Average True Range), to move between $1.02 and $1.12, which gives a possible trading interval of +/-$0.0525 (+/-4.90%) up or down from last closing price. If Permianville Royalty Trust takes out the full calculated possible swing range there will be an estimated 9.81% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.10, some $0.0300 (2.80%) from the current price of $1.07, our system finds the risk reward not very attractive.
Is Permianville Royalty Trust stock A Buy?
Permianville Royalty holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.
Current score: -5.595 Strong Sell Candidate Downgraded
Predicted Opening Price for Permianville Royalty Trust of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$1.08 ( 0.93%) | $1.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PVL
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.11 | 3.74% |
R2 | 1.10 | 2.67% |
R1 | 1.09 | 2.01% |
Price | 1.07 | |
S1 | 1.07 | -0.136% |
S2 | 1.06 | -0.798% |
S3 | 1.05 | -1.87% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.33 | 24.30% |
R2 | 1.25 | 16.82% |
R1 | 1.10 | 2.80% |
Price | 1.07 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
PVL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 06, 2023 | Nov 15, 2023 | Nov 22, 2023 | $0.0770 | 3.95% |
2 | Oct 16, 2023 | Oct 30, 2023 | Nov 13, 2023 | $0.0060 | 0.300% |
3 | Sep 20, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.0040 | 0.172% |
4 | Aug 18, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.0090 | 0.353% |
5 | Jul 17, 2023 | Jul 28, 2023 | Aug 14, 2023 | $0.0540 | 1.80% |
FAQ
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