USA Compression Partners LP Stock Forecast

USA Compression Partners LP stock downgraded to Sell Candidate
(Updated on Apr 18, 2024)

USAC Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it 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. The USA Compression Partners LP stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $25.36 and $26.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -10.94%. 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). The stock had a Golden Star Signal on Tuesday, August 08, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for USA Compression Partners LP stock

USA Compression Partners LP finds support from accumulated volume at $25.00 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 $0.480 between high and low, or 1.92%. For the last week, the stock has had daily average volatility of 3.02%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (USAC) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect USA Compression Partners LP to open at $25.22, and during the day (based on 14 day Average True Range), to move between $24.41 and $25.89, which gives a possible trading interval of +/-$0.742 (+/-2.95%) up or down from last closing price. If USA Compression Partners LP takes out the full calculated possible swing range there will be an estimated 5.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.00 (0.60%) than the resistance at $25.33 (0.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is USA Compression Partners LP stock A Buy?

The USA Compression Partners LP stock holds several negative signals and despite the positive trend, we believe USA Compression Partners LP will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.495 Sell Candidate Downgraded

Predicted Opening Price for USA Compression Partners LP of Friday, April 19, 2024

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