San Juan Basin Royalty Stock Forecast
San Juan Basin Royalty stock price down 0.189% on Thursday
(Updated on Mar 28, 2024)
The San Juan Basin Royalty stock price fell by -0.189% on the last day (Thursday, 28th Mar 2024) from $5.30 to $5.29. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 1.90% from a day low at $5.26 to a day high of $5.36. The price has fallen in 9 of the last 10 days and is down by -6.54% for this period. Volume has increased on the last day by 23 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 241 thousand shares were bought and sold for approximately $1.28 million.
The stock lies in the middle of a very wide and 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 5.00% during the next 3 months and, with a 90% probability hold a price between $4.81 and $6.23 at the end of this 3-month period.
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SJT Signals & Forecast
The San Juan Basin Royalty 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 $5.47. On a fall, the stock will find some support from the long-term average at approximately $5.25. 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. 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 Tuesday, March 12, 2024, and so far it has fallen -7.68%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). San Juan Basin Royalty 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".
Support, Risk & Stop-loss for San Juan Basin Royalty stock
San Juan Basin Royalty finds support from accumulated volume at $5.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.100 between high and low, or 1.90%. For the last week, the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: $5.06 (-4.31%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (SJT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect San Juan Basin Royalty Trust to open at $5.30, and during the day (based on 14 day Average True Range), to move between $5.11 and $5.47, which gives a possible trading interval of +/-$0.176 (+/-3.32%) up or down from last closing price. If San Juan Basin Royalty Trust takes out the full calculated possible swing range there will be an estimated 6.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.30 (0.19%) than the support at $5.14 (2.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is San Juan Basin Royalty Trust stock A Buy?
San Juan Basin Royalty holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.768 Hold/Accumulate Unchanged
Predicted Opening Price for San Juan Basin Royalty Trust of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$5.30 ( 0.252%) | $5.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SJT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.40 | 2.14 % | |
R2 | 5.37 | 1.42 % | ||
R1 | 5.34 | 0.97 % | ||
Current price: | 5.29 | |||
Support | S1 | 5.27 | -0.470 % | |
S2 | 5.24 | -0.92 % | ||
S3 | 5.20 | -1.64 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.56 | 5.10 % | |
R2 | 5.55 | 4.91 % | ||
R1 | 5.30 | 0.189 % | ||
Current price | 5.29 | |||
Support | S1 | 5.14 | -2.84% | |
S2 | 5.08 | -3.97% | ||
S3 | 4.93 | -6.81% |
SJT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.0413 | 0.780% |
2 | Feb 28, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0.0163 | 0.287% |
3 | Jan 19, 2024 | Jan 30, 2024 | Feb 14, 2024 | $0.0163 | 0.348% |
4 | Dec 28, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.0123 | 0.230% |
5 | Nov 17, 2023 | Nov 29, 2023 | Dec 14, 2023 | $0.0169 | 0.299% |
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