BP Prudhoe Bay Royalty Trust (BPT)       20.51  +1.45 (+7.61%)

20.51  +1.45 (+7.61%)

US0556301077

Technical Rating

We assign a technical rating of 7 out of 10 to BPT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BPT is only an average performer.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
BPT is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 99% of 403 stocks in the same industry.
BPT is currently trading in the upper part of its 52 week range. This is a good signal, certainly because the S&P500 Index is currently trading in the lower part of its 52 week range.
Looking at the yearly performance, BPT did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month BPT has a been trading in the 18.30 - 26.08 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months 12.45% 38.77% 469.72% 244.13% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 99.88 2.92 - 26.08
BPT Weekly chart
BPT Daily chart

Support/Resistance Analysis


15.85

20.72
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 19.00 to 19.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 17.19 to 17.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @16.01 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

Besides having an excellent technical rating, BPT also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
21.5718.992.58 (11.97%)8.36%
An entry @21.57. This is a Buy Stop order right above the 10 day moving average.An exit @18.99. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 2.58 points, which is 11.97%.For a 1.00% total portfolio risk, you can invest 8.36% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of BPT. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BPT Daily chart

BP Prudhoe Bay Royalty Trust20.51

NYSE:BPT (6/24/2022, 4:32:09 PM)+1.45 (+7.61%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today 7.61% 1 Week -1.49%
2 Weeks -16.46% 1 Month 12.45%
3 Month 38.77% 6 Month 469.72%
Volatility
ATR(14) 2.83 ATR(20)% 11.67%
ATR Inc 13.33% Range Today 2.16
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 99.88 Mansfield 15.86
10 Day High 25.83 10 Day Low 18.3
20 Day High 26.08 20 Day Low 18.3
52 Week High 26.08 52 Week Low 2.92
CS1 End 19 CR1 Start N/A
Volume & EV
DER(3) -0.93% DER(5) -1.79%
Volume 417.92K Volume Incr -9.4%
Vol(5) 636.48K Vol(50) 627.40K

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