USD Partners LP Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in USD Partners LP stock price on Tuesday which ended trading at $0.0400
(Updated on Jul 02, 2024)
The USD Partners LP stock price gained 95.12% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.0205 to $0.0400. During the last trading day the stock fluctuated 50.00% from a day low at $0.0400 to a day high of $0.0600. The price has fallen in 4 of the last 10 days and is down by -65.25% for this period. Volume fell on the last day by -15 thousand shares and in total, 38 thousand shares were bought and sold for approximately $1.54 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 of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0201 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.64% during the next 3 months and, with a 90% probability hold a price between $0.0165 and $0.107 at the end of this 3-month period.
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USDP Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 95.12%. 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 USD 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 $0.0802 and $0.113. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for USD Partners LP stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0200 between high and low, or 50.00%. For the last week the stock has had daily average volatility of 91.55%.
USD Partners LP 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 (USDP) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect USD Partners LP to open at $0.0467, and during the day (based on 14 day Average True Range), to move between $0.0230 and $0.0570, which gives a possible trading interval of +/-$0.0170 (+/-42.57%) up or down from last closing price. If USD Partners LP takes out the full calculated possible swing range there will be an estimated 85.15% move between the lowest and the highest trading price during the day.
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.330 Sell Candidate Upgraded
Predicted Opening Price for USD Partners LP of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0467 ( 16.67%) | $0.0400 |
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 | |
|---|---|---|
| R3 | 0.0667 | 66.67% |
| R2 | 0.0590 | 47.57% |
| R1 | 0.0543 | 35.77% |
| Price | 0.0400 | |
| S1 | 0.0390 | -2.43% |
| S2 | 0.0343 | -14.23% |
| S3 | 0.0267 | -33.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0400 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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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