USA Compression Partners LP Stock Forecast

Red day on Wednesday for USA Compression Partners LP stock after losing 0.87%
(Updated on May 01, 2024)

USAC 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 USA Compression Partners LP 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 $24.59 and $26.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -14.94%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, August 08, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for USA Compression Partners LP stock

USA Compression Partners LP finds support from accumulated volume at $23.89 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 $0.583 between high and low, or 2.45%. For the last week, the stock has had daily average volatility of 1.96%.

USA Compression Partners LP is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $23.14 (-3.66%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 17 which reduces the risk some. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (USAC) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect USA Compression Partners LP to open at $24.09, and during the day (based on 14 day Average True Range), to move between $23.40 and $24.64, which gives a possible trading interval of +/-$0.621 (+/-2.58%) up or down from last closing price. If USA Compression Partners LP takes out the full calculated possible swing range there will be an estimated 5.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.89 (0.54%) than the resistance at $24.50 (2.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is USA Compression Partners LP stock A Buy?

USA Compression Partners LP holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.734 Hold/Accumulate Unchanged

Predicted Opening Price for USA Compression Partners LP of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.