Riley Exploration-Permian, LLC Stock Forecast
Riley Exploration-Permian, LLC stock price up 1.14% on Tuesday
(Updated on Apr 23, 2024)
The Riley Exploration-Permian, LLC stock price gained 1.14% on the last trading day (Tuesday, 23rd Apr 2024), rising from $28.00 to $28.32. 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 2.31% from a day low at $27.68 to a day high of $28.32. The price has fallen in 6 of the last 10 days and is down by -3.01% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 166 thousand shares were bought and sold for approximately $4.70 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $28.16 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 40.76% during the next 3 months and, with a 90% probability hold a price between $39.64 and $51.28 at the end of this 3-month period.
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REPX Signals & Forecast
There are mixed signals in the stock today. The Riley Exploration-Permian, LLC stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $29.41. On a fall, the stock will find some support from the short-term average at $28.21. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -16.41%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Riley Exploration-Permian, LLC stock
Riley Exploration-Permian, LLC finds support from accumulated volume at $27.78 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 $0.640 between high and low, or 2.31%. For the last week, the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (REPX) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Riley Exploration-Permian, LLC to open at $28.11, and during the day (based on 14 day Average True Range), to move between $27.13 and $29.51, which gives a possible trading interval of +/-$1.19 (+/-4.19%) up or down from last closing price. If Riley Exploration-Permian, LLC takes out the full calculated possible swing range there will be an estimated 8.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.57 (0.88%) than the support at $27.78 (1.91%), 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 Riley Exploration-Permian, LLC stock A Buy?
Riley Exploration-Permian, LLC 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.
Current score: -3.706 Sell Candidate Unchanged
Predicted Opening Price for Riley Exploration-Permian, LLC of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $28.11 ( 0.753%) | $28.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REPX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.75 | 1.51 % | |
| R2 | 28.50 | 0.643 % | ||
| R1 | 28.35 | 0.110 % | ||
| Current price: | 28.32 | |||
| Support | S1 | 27.86 | -1.62 % | |
| S2 | 27.71 | -2.15 % | ||
| S3 | 27.47 | -3.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.00 | 5.93 % | |
| R2 | 29.60 | 4.52 % | ||
| R1 | 28.57 | 0.88 % | ||
| Current price | 28.32 | |||
| Support | S1 | 27.78 | -1.91% | |
| S2 | 27.61 | -2.51% | ||
| S3 | 27.60 | -2.54% |
REPX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 24, 2024 | May 09, 2024 | $0.360 | 1.27% |
| 2 | Jan 16, 2024 | Jan 24, 2024 | Feb 08, 2024 | $0.360 | 1.62% |
| 3 | Oct 12, 2023 | Oct 25, 2023 | Nov 09, 2023 | $0.360 | 1.48% |
| 4 | Jul 10, 2023 | Jul 19, 2023 | Aug 03, 2023 | $0.340 | 0.92% |
| 5 | Apr 11, 2023 | Apr 24, 2023 | May 09, 2023 | $0.340 | 0.95% |
FAQ
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