Gulf Coast Ultra Deep Royalty Trust Stock Forecast

Gulf Coast Ultra Deep Royalty Trust stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 23, 2024)

GULTU Signals & Forecast

The Gulf Coast Ultra Deep Royalty Trust stock holds a sell 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 giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0137. On a fall, the stock will find some support from the long-term average at approximately $0.0127. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -17.74%. Further fall is indicated until a new bottom pivot has been found. Gulf Coast Ultra Deep Royalty Trust gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Gulf Coast Ultra Deep Royalty Trust stock

Gulf Coast Ultra Deep Royalty Trust finds support from accumulated volume at $0.0125 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0001 between high and low, or 1.19%. For the last week, the stock has had daily average volatility of 14.04%.

Our recommended stop-loss: $0.0121 (-4.92%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (GULTU) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Gulf Coast Ultra Deep Royalty Trust to open at $0.0127, and during the day (based on 14 day Average True Range), to move between $0.0114 and $0.0141, which gives a possible trading interval of +/-$0.0013 (+/-10.37%) up or down from last closing price. If Gulf Coast Ultra Deep Royalty Trust takes out the full calculated possible swing range there will be an estimated 20.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0125 (1.96%) than the resistance at $0.0130 (1.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gulf Coast Ultra Deep Royalty Trust stock A Buy?

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 Gulf Coast Ultra Deep Royalty Trust stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.626 Buy Candidate Upgraded

Predicted Opening Price for Gulf Coast Ultra Deep Royalty Trust of Wednesday, April 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.