San Juan Basin Royalty Stock Forecast
Green day on Tuesday for San Juan Basin Royalty stock after gaining 0.461%
(Updated on Apr 23, 2024)
The San Juan Basin Royalty stock price gained 0.461% on the last trading day (Tuesday, 23rd Apr 2024), rising from $4.34 to $4.36. During the last trading day the stock fluctuated 4.08% from a day low at $4.29 to a day high of $4.47. The price has fallen in 6 of the last 10 days and is down by -21.16% for this period. Volume fell on the last day by -259 thousand shares and in total, 215 thousand shares were bought and sold for approximately $936.59 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.35 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 7.01% during the next 3 months and, with a 90% probability hold a price between $4.65 and $6.33 at the end of this 3-month period.
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SJT Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.461%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The San Juan Basin 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 $4.65 and $5.30. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for San Juan Basin Royalty stock
San Juan Basin Royalty finds support from accumulated volume at $4.34 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.175 between high and low, or 4.08%. For the last week the stock has had daily average volatility of 6.08%.
San Juan Basin Royalty is oversold on RSI14 (24). 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 (SJT) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect San Juan Basin Royalty Trust to open at $4.37, and during the day (based on 14 day Average True Range), to move between $4.15 and $4.57, which gives a possible trading interval of +/-$0.208 (+/-4.77%) up or down from last closing price. If San Juan Basin Royalty Trust takes out the full calculated possible swing range there will be an estimated 9.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.34 (0.46%) than the resistance at $4.52 (3.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is San Juan Basin Royalty Trust stock A Buy?
The San Juan Basin Royalty stock holds several negative signals and despite the positive trend, we believe San Juan Basin Royalty will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.000 Sell Candidate Unchanged
Predicted Opening Price for San Juan Basin Royalty Trust of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $4.37 ( 0.268%) | $4.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SJT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.55 | 4.28 % | |
| R2 | 4.48 | 2.75 % | ||
| R1 | 4.44 | 1.80 % | ||
| Current price: | 4.36 | |||
| Support | S1 | 4.30 | -1.26 % | |
| S2 | 4.26 | -2.21 % | ||
| S3 | 4.20 | -3.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.30 | 21.56 % | |
| R2 | 5.14 | 17.89 % | ||
| R1 | 4.52 | 3.67 % | ||
| Current price | 4.36 | |||
| Support | S1 | 4.34 | -0.459% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SJT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 29, 2024 | May 14, 2024 | $0.0229 | 0.524% |
| 2 | Mar 18, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.0413 | 0.795% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0.0163 | 0.287% |
| 4 | Jan 19, 2024 | Jan 30, 2024 | Feb 14, 2024 | $0.0163 | 0.348% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.0123 | 0.230% |
FAQ
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