BP PRUDHOE BAY ROYALTY TRUST (BPT) Stock Technical Analysis
NYSE:BPT - New York Stock Exchange, Inc. - US0556301077 - Currency: USD
Taking everything into account, BPT scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BPT was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, BPT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.62, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BPT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.62 to 0.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.55 to 0.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.53 from a horizontal line in the daily time frame.
- Support @0.51 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.63 to 0.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.67 to 0.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BPT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BPT is up. |
| ChartMill Relative Strength | 11.39 | NEGATIVE | BPT has a low relative strength, it was outperformed by 88.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BPT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BPT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BPT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.71 | NEUTRAL | The RSI value for BPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BPT has a negative trend. |
| Stochastics (14,3) | 49.75 | NEUTRAL | The Stochastics value for BPT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.51 | HIGH VOLATILITY | The high ATR as a percentage value for BPT suggests high volalility. |
| Average Directional Index/ADX (14) | 26.23 | POSITIVE | The high ADX value value for BPT suggests a strong trend. |
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