PERMIAN BASIN ROYALTY TRUST (PBT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PBT - US7142361069
Overall PBT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, PBT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, PBT did better than 88% of all other stocks. On top of that, PBT also shows a nice and consistent pattern of rising prices.
- PBT is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 89% of 207 stocks in the same industry.
- PBT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PBT is lagging the market slightly.
- In the last month PBT has a been trading in the 16.63 - 18.94 range, which is quite wide. It is currently trading near the high of this range.
PBT has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
16.36
We found 2 important support areas.
- A support zone ranging from 17.48 to 17.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.53 to 16.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for PBT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PBT is up. |
| ChartMill Relative Strength | 88.56 | POSITIVE | PBT has a high relative strength, it outperformed 88.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PBT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PBT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PBT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.22 | NEUTRAL | The RSI value for PBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests PBT has a positive trend. |
| Stochastics (14,3) | 84.22 | OVERBOUGHT | The high Stochastics value suggests PBT may be overbought. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for PBT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.62 | NEGATIVE | The low ADX value for PBT suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.95 | 17.05 | 1.90 (10.03%) | 9.97% |
| An entry @18.95. This is a Buy Stop order right above the 10 day high. | An exit @17.05. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.90 points, which is 10.03%. | When investing 9.97% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
18.62
+0.22 (+1.2%)
PERMIAN BASIN ROYALTY TRUST / PBT FAQ
What is the technical rating for PBT stock?
ChartMill assigns a technical rating of 10 / 10 to PBT.
What is the trend direction for PBT stock?
The current trend direction for PERMIAN BASIN ROYALTY TRUST (PBT) is Bullish.
Can you provide the RSI signal for PERMIAN BASIN ROYALTY TRUST?
PERMIAN BASIN ROYALTY TRUST (PBT) has an RSI value of 61.2213. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PERMIAN BASIN ROYALTY TRUST?
The MACD indicator for PERMIAN BASIN ROYALTY TRUST (PBT) has a value of 0.182476, indicating a bearish trend.
Can you provide the buy/sell signal for PERMIAN BASIN ROYALTY TRUST?
The buy/sell signal for PERMIAN BASIN ROYALTY TRUST (PBT) is buy as both the short term and long term trends are positive.