PERMIAN BASIN ROYALTY TRUST (PBT) Stock Technical Analysis
NYSE:PBT • US7142361069
We assign a technical rating of 10 out of 10 to PBT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PBT is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, PBT did better than 90% of all other stocks.
- PBT is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 82% of 206 stocks in the same industry.
- PBT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PBT has a been trading in the 17.64 - 20.50 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, PBT also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 18.88, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.77
3 important support areas can be observed.
- A support zone ranging from 18.13 to 18.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.40 from a trend line in the daily time frame.
- Support @16.94 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.44 to 20.44. 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 | 90.87 | POSITIVE | PBT has a high relative strength, it outperformed 90.87% 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) | 58.59 | NEUTRAL | The RSI value for PBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests PBT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.62 | NEUTRAL | The Stochastics value for PBT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for PBT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.02 | NEUTRAL | The ADX value for PBT suggests a possible start of a new 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 |
|---|---|---|---|
| 20.45 | 18.18 | 2.27 (11.10%) | 9.01% |
| An entry @20.45. This is a Buy Stop order right above the resistance zone. | An exit @18.18. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.27 points, which is 11.10%. | For a 1.00% total portfolio risk, you can invest 9.01% of your capital in this trade. |
- 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.
19.69
-0.37 (-1.84%)
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 58.5891. 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 0.0936143, 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.