BSM - Black Stone Minerals LP

Industry: Independent Oil & Gas Sector: Basic Materials Exchange: NYSE
#2131()/5610

Wed 13'th Dec 2017

PERIOD 2017-09-14 - 2017-12-13
CHANGE 0.61%
PRICE $18.11
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Black Stone Minerals LP Stock Analysis

Technical stock analysis for Wed 13'th Dec 2017

Shorts 5.86% ( 2017-11-15 )
Cash 40.2 mill
Loans n/a
Beta 0.28
ROA 10.42
Buy candidate since 2017-12-12 Gain 0.61%

Black Stone Minerals LP gained 0.61% in the last trading day, rising from $18.00 to $18.11 The price has risen in 6 of the last 10 days and is up by 2.72% over the past 2 weeks. Volume fell in the last day by -15 545 shares, and in total, 144 237 shares bought and sold for approximately $2.61 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

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Trend

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 4.62% during the next 3 months and, with 90% probability hold a price between $17.79 and $19.55 at the end of this period.

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Signals

Black Stone Minerals LP holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $18.05 and $17.74. A break down below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday December 08, 2017, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSI14 is 69 and the stock is currently not being overbought or oversold

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Support & Resistance

Black Stone Minerals LP finds support from accumulated volume at $17.96. On the upside the stock meets some resistance just above today's level from accumulated volume at $18.12, $18.25 and $18.35.

The stock is about to test the resistance from accumulated volume at $18.12 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $17.96 Price: $18.11 Resistance: $18.12

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.38 (2.13%) between high and low. For the last week, the stock has had a daily average volatility of 2.69%.

Our recommended stoploss: $17.43 (-3.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 3 days ago.)

Overall risk:

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Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

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