Riley Exploration-Permian, LLC Stock Forecast
Riley Exploration-Permian, LLC stock price ended at $24.94 on Friday, after gaining 0.362%.
(Updated on May 03, 2024)
The Riley Exploration-Permian, LLC stock price gained 0.362% on the last trading day (Friday, 3rd May 2024), rising from $24.85 to $24.94. During the last trading day the stock fluctuated 3.45% from a day low at $24.60 to a day high of $25.45. The price has fallen in 6 of the last 10 days and is down by -10.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 124 thousand shares were bought and sold for approximately $3.09 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 $24.66 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 22.03% during the next 3 months and, with a 90% probability hold a price between $30.10 and $44.31 at the end of this 3-month period.
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REPX Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Riley Exploration-Permian, LLC 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 $25.79 and $29.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -26.39%. 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).
Support, Risk & Stop-loss for Riley Exploration-Permian, LLC stock
Riley Exploration-Permian, LLC finds support from accumulated volume at $24.85 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 $0.85 between high and low, or 3.45%. For the last week, the stock has had daily average volatility of 4.09%.
Riley Exploration-Permian, LLC is oversold on RSI14 (18). 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 (REPX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Riley Exploration-Permian, LLC to open at $25.00, and during the day (based on 14 day Average True Range), to move between $23.82 and $26.06, which gives a possible trading interval of +/-$1.12 (+/-4.48%) 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 8.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.85 (0.36%) than the resistance at $27.60 (10.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Riley Exploration-Permian, LLC will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.50. We will update the financials statements for Riley Exploration-Permian, LLC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.48% in the first trading day after earnings release.
Is Riley Exploration-Permian, LLC stock A Buy?
The Riley Exploration-Permian, LLC stock holds several negative signals and despite the positive trend, we believe Riley Exploration-Permian, LLC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.698 Sell Candidate Unchanged
Predicted Opening Price for Riley Exploration-Permian, LLC of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $25.00 ( 0.227%) | $24.94 |
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 | 25.85 | 3.63 % | |
| R2 | 25.52 | 2.33 % | ||
| R1 | 25.32 | 1.53 % | ||
| Current price: | 24.94 | |||
| Support | S1 | 24.67 | -1.07 % | |
| S2 | 24.47 | -1.88 % | ||
| S3 | 24.15 | -3.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.00 | 20.29 % | |
| R2 | 28.57 | 14.55 % | ||
| R1 | 27.60 | 10.67 % | ||
| Current price | 24.94 | |||
| Support | S1 | 24.85 | -0.361% | |
| S2 | 24.45 | -1.96% | ||
| S3 | 23.05 | -7.58% |
REPX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 24, 2024 | May 09, 2024 | $0.360 | 1.44% |
| 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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