USD Partners LP Stock Forecast
High volatility in USD Partners LP stock price on Friday which ended trading at $0.121
(Updated on May 17, 2024)
The USD Partners LP stock price fell by -10.27% on the last day (Friday, 17th May 2024) from $0.135 to $0.121. During the last trading day the stock fluctuated 30.54% from a day low at $0.111 to a day high of $0.145. The price has been going up and down for this period, and there has been a 5.26% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately $345.24 .
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0936, a level that may pose a second chance to hit a runner. According to fan-theory $0.206 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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USDP Signals & Forecast
There are few to no technical positive signals at the moment. The USD Partners LP stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.125 and $0.122. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -16.46%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for USD Partners LP stock
USD Partners LP finds support from accumulated volume at $0.120 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0339 between high and low, or 30.54%. For the last week the stock has had daily average volatility of 20.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (USDP) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect USD Partners LP to open at $0.126, and during the day (based on 14 day Average True Range), to move between $0.101 and $0.141, which gives a possible trading interval of +/-$0.0199 (+/-16.44%) up or down from last closing price. If USD Partners LP takes out the full calculated possible swing range there will be an estimated 32.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.120 (0.87%) than the resistance at $0.135 (11.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is USD Partners LP stock A Buy?
USD Partners LP 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.690 Sell Candidate Downgraded
Predicted Opening Price for USD Partners LP of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.126 ( 3.80%) | $0.121 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USDP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.160 | 31.81 % | |
| R2 | 0.147 | 21.11 % | ||
| R1 | 0.139 | 14.50 % | ||
| Current price: | 0.121 | |||
| Support | S1 | 0.113 | -6.90 % | |
| S2 | 0.105 | -13.51 % | ||
| S3 | 0.0918 | -24.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.150 | 24.00 % | |
| R2 | 0.140 | 15.65 % | ||
| R1 | 0.135 | 11.52 % | ||
| Current price | 0.121 | |||
| Support | S1 | 0.120 | -0.87% | |
| S2 | 0.115 | -5.00% | ||
| S3 | 0.100 | -17.31% |
USDP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 26, 2023 | Feb 07, 2023 | Feb 17, 2023 | $0.124 | 3.43% |
| 2 | Oct 20, 2022 | Nov 01, 2022 | Nov 14, 2022 | $0.124 | 3.08% |
| 3 | Jul 20, 2022 | Aug 02, 2022 | Aug 12, 2022 | $0.124 | 2.34% |
| 4 | Apr 21, 2022 | May 03, 2022 | May 13, 2022 | $0.124 | 2.04% |
| 5 | Jan 26, 2022 | Feb 08, 2022 | Feb 18, 2022 | $0.121 | 2.02% |
FAQ
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