Buy Score Rank #1204 out of #5176
Fri 18'th Aug 2017
Black Stone Minerals LP Stock Analysis
Technical stock analysis for Fri 18'th Aug 2017
Hold candidate since 2017-08-16 Gain 0.06%
Black Stone Minerals LP lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.37% during the next 3 months and, with 90% probability hold a price between $16.04 and $17.65 at the end of this period.
Black Stone Minerals LP holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $16.59. On a fall, the stock will find some support from the long-term average at approximately $16.30. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday August 17, 2017, which indicates further gains 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. 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.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Black Stone Minerals LP finds support from accumulated volume at $16.33. On the upside the stock meets some resistance just above today's level from accumulated volume at $16.60, $16.88 and $17.00.
The stock is about to test the resistance from accumulated volume at $16.60 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $15.56 (-5.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
Black Stone Minerals LP holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
Your capital is at risk.