Rhino Resource Partners, L.P. Forecast and Stock Analysis
Technical RNO.L stock analysis for February 15, 2019.
Rhino Resource Partners, L.P. gained 2.08% in the last trading day, rising from £28.85 to £29.45 The price has been going up and down for this period, and there has been a 1.73% gain for the last 2 weeks. Volume fell in the last day by -108 682 shares, and in total, 268 134 shares bought and sold for approximately £7.90 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.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the RNO.L stock was £29.45. This is 2.08% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.00% from a day low at £29.30 to a day high of £29.30.
30 day high of the RNO.L stock price was £30.00 and low was £27.50.
90 day high was £37.90 and low was £27.00.
52 week high for the Rhino Resource Partners, L.P. - £49.70 and low - £22.00.
Trend
Rhino Resource Partners, L.P. lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £30.38 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.00% during the next 3 months and, with 90% probability hold a price between £20.45 and £25.21 at the end of this period.
Signals
Rhino Resource Partners, L.P. 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 £29.26 and £28.88. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, 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.
Access today's Top 5 Golden Star Companies
Relative Strength Index (RSI)
RSI14 is 56 and the stock is currently not being overbought or oversold
Support & Resistance
Rhino Resource Partners, L.P. finds support from accumulated volume at £29.20.
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 £0.00 (0.00%) between high and low. For the last week, the stock has had a daily average volatility of 1.24%.
Our recommended stoploss: £28.06 (-4.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation: Hold/Accumulate
Rhino Resource Partners, L.P. 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
