PERMIAN BASIN ROYALTY TRUST (PBT) Stock Technical Analysis
NYSE:PBT - New York Stock Exchange, Inc. - US7142361069 - Currency: USD
Taking everything into account, PBT scores 7 out of 10 in our technical rating. PBT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month PBT has a been trading in the 9.37 - 11.45 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, PBT outperforms 41% of them, which is more or less in line with the market.
PBT is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 69% of 213 stocks in the same industry.
PBT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PBT is lagging the market slightly.
Besides having an excellent technical rating, PBT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.13. Right above this resistance zone may be a good entry point.
More info and screens
9.37
13.27
2 important support areas can be observed.
- A support zone ranging from 10.10 to 10.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.46 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 11.13 to 11.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.14 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for PBT is up. |
| ChartMill Relative Strength | 41.48 | NEUTRAL | PBT is not amongst the best or worst performers 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 | MIXED | The current price of PBT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.77 | NEUTRAL | The RSI value for PBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests PBT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.15 | OVERBOUGHT | The high Stochastics value suggests PBT may be overbought. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for PBT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.47 | NEUTRAL | The ADX value for PBT suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 11.34 | 10.66 | 0.68 (6.00%) | 16.68% |
| An entry @11.34. This is a Buy Stop order right above the resistance zone. | An exit @10.66. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.68 points, which is 6.00%. | When investing 16.68% 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.
11.1
-0.22 (-1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.94%
1 Week0.27%
2 Weeks4.03%
1 Month10.34%
3 Month4.42%
6 Month-17.9%
12 Month-8.94%
2 Year-54.95%
3 Year-36.9%
5 Year202.45%
10 Year33.9%
15 Year-37.82%
Volatility
ATR(14)0.33
ATR(20)%3.02%
ATR Inc-12.1%
Range Today0.29
ADR(20)0.33
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.48
Mansfield-0.39
10 Day High11.45
10 Day Low10.67
20 Day High11.45
20 Day Low9.37
52 Week High14.26
52 Week Low8.01
CS1 End10.11
CR1 Start11.13
Volume & EV
DER(3)-3.83%
DER(5)-1.17%
Volume78.60K
Volume Incr-11.38%
Vol(5)90.46K
Vol(50)102.92K