PERMIAN BASIN ROYALTY TRUST (PBT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PBT - US7142361069
Overall PBT gets a technical rating of 4 out of 10. In the last year, PBT was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
Although the technical rating is only medium, PBT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 16.73, a Stop Loss order could be placed below this zone.
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16.36
When analyzing the support we notice one important area.
- A support zone ranging from 16.53 to 16.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.98 to 17.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.67 from a horizontal line 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 | UP | POSITIVE | The long term trend for PBT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PBT is down. |
| ChartMill Relative Strength | 86.46 | POSITIVE | PBT has a high relative strength, it outperformed 86.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PBT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PBT is below a declining 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) | 42.58 | NEUTRAL | The RSI value for PBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.05 | NEUTRAL | The Stochastics value for PBT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for PBT suggests some volalility. |
| Average Directional Index/ADX (14) | 11.8 | NEGATIVE | The low ADX value for PBT suggests a weak or negative trend. |
16.98
-0.02 (-0.12%)
PERMIAN BASIN ROYALTY TRUST / PBT FAQ
What is the technical rating for PBT stock?
ChartMill assigns a technical rating of 4 / 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 42.5781. 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 -0.00316697, 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 hold as the short term and long term trends are mixed.