Pacific Coast Oil Trust Stock Forecast
Red day on Wednesday for Pacific Coast Oil Trust stock after losing 0%
(Updated on May 08, 2024)
No changes to the price of Pacific Coast Oil Trust stock on the last trading day (Wednesday, 8th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.345 to a day high of $0.345. The price has fallen in 5 of the last 10 days and is down by -6.76% for this period.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pacific Coast Oil Trust stock with a 90% probability to be traded between $0.297 and $0.387 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ROYTL Signals & Forecast
There are few to no technical positive signals at the moment. The Pacific Coast Oil Trust 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 $0.352 and $0.361. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -1.43%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Pacific Coast Oil Trust stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.300. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 155.61%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ROYTL) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Pacific Coast Oil Trust to open at $0.345, and during the day (based on 14 day Average True Range), to move between $0.309 and $0.381, which gives a possible trading interval of +/-$0.0357 (+/-10.34%) up or down from last closing price. If Pacific Coast Oil Trust takes out the full calculated possible swing range there will be an estimated 20.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.360 (4.35%) than the support at $0.300 (13.04%), 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 Pacific Coast Oil Trust stock A Buy?
Pacific Coast Oil Trust 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.
Current score: -4.607 Sell Candidate Unchanged
Predicted Opening Price for Pacific Coast Oil Trust of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $0.345 ( 0%) | $0.345 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROYTL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.345 | . | |
| R2 | 0.345 | . | ||
| R1 | 0.345 | . | ||
| Current price: | 0.345 | |||
| Support | S1 | 0.345 | . | |
| S2 | 0.345 | . | ||
| S3 | 0.345 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.370 | 7.25 % | |
| R2 | 0.365 | 5.80 % | ||
| R1 | 0.360 | 4.35 % | ||
| Current price | 0.345 | |||
| Support | S1 | 0.300 | -13.04% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ROYTL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 30, 2019 | Jan 08, 2020 | Jan 24, 2020 | $0.0040 | 24.59% |
| 2 | Aug 22, 2019 | Aug 30, 2019 | Sep 17, 2019 | $0.0240 | 39.33% |
| 3 | Jul 25, 2019 | Aug 02, 2019 | Aug 19, 2019 | $0.0210 | 32.36% |
| 4 | Jun 25, 2019 | Jul 03, 2019 | Jul 19, 2019 | $0.0280 | 43.56% |
| 5 | May 23, 2019 | May 31, 2019 | Jun 17, 2019 | $0.0310 | 50.24% |
FAQ
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