PERMIAN BASIN ROYALTY TRUST (PBT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PBT - US7142361069
We assign a technical rating of 4 out of 10 to PBT. 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 16.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PBT 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.
More info and screens
16.36
We found 1 important support area.
- A support zone ranging from 16.53 to 16.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.67 to 18.67. 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 | DOWN | NEGATIVE | The short term trend for PBT is down. |
| ChartMill Relative Strength | 87.39 | POSITIVE | PBT has a high relative strength, it outperformed 87.39% 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) | 41.96 | NEUTRAL | The RSI value for PBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.58 | NEUTRAL | The Stochastics value for PBT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for PBT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.1 | NEGATIVE | The low ADX value for PBT suggests a weak or negative trend. |
16.97
-0.19 (-1.11%)
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 current trend direction of PERMIAN BASIN ROYALTY TRUST (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 41.9635. This indicates that the stock is currently neutral.
What is the short term momentum for PERMIAN BASIN ROYALTY TRUST (PBT) stock?
The short term momentum for PERMIAN BASIN ROYALTY TRUST (PBT) is negative.
Can you provide the support and resistance levels for PERMIAN BASIN ROYALTY TRUST?
PERMIAN BASIN ROYALTY TRUST (PBT) has a support level at 16.9 and a resistance level at 18.67. Check the full technical report for our detailed analysis of PBT support and resistance levels.