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BSM - Black Stone Minerals LP

Industry: Independent Oil & Gas Sector: Basic Materials Exchange: NYSE

BSM - Black Stone Minerals LP

Industry: Independent Oil & Gas Sector: Basic Materials Exchange: NYSE
#2409()/6711

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE 1.00%
PRICE $18.13
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Black Stone Minerals LP Stock Analysis

Technical stock analysis for Fri 23'rd Feb 2018

Shorts 3.26% ( 2018-01-31 )
Cash 40.2 mill
Loans n/a
Beta 0.28
ROA 10.42
Hold candidate since 2018-02-21 Gain 1.40%

Black Stone Minerals LP gained 1.00% in the last trading day, rising from $17.95 to $18.13 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 6.02% over the past 2 weeks. Volume fell in the last day by -22 821 shares, and in total, 90 879 shares bought and sold for approximately $1.65 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.

Access today's Top 5 Hold/Accumulates

Trend

Given the current horizontal trend you can expect Black Stone Minerals LP with 90% probability to be traded between $17.25 and $19.16 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Thursday February 08, 2018, which indicates further gains until a new top pivot has been found. 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. Black Stone Minerals LP holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $18.19. On a fall, the stock will find some support from the short-term average at $17.96. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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Relative Strength Index (RSI)

RSI14 is 58 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Black Stone Minerals LP finds support from accumulated volume at $18.11. On the upside the stock meets some resistance just above today's level from accumulated volume at $18.25, $18.44 and $18.96.

The stock is about to test the resistance from accumulated volume at $18.25 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $18.11 Price: $18.13 Resistance: $18.25

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 $0.32 (1.79%) between high and low. For the last week, the stock has had a daily average volatility of 1.58%.

Our recommended stoploss: $17.32 (-4.47%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 10 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

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