PERMIAN BASIN ROYALTY TRUST (PBT) Technical Analysis
NYSE:PBT • US7142361069
Current stock price
PBT Technical Rating and Analysis
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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, PBT did better than 92% of all other stocks. We also observe that the gains produced by PBT over the past year are nicely spread over this period.
- PBT is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. PBT outperforms 81% of them.
- 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 19.80 - 22.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PBT Weekly and Daily overview Charts
PBT Setup Rating and Analysis
Besides having an excellent technical rating, PBT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 22.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.43, a Stop Loss order could be placed below this zone.
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PBT Support and Resistance Analysis
16.77
4 important support areas can be observed.
- A support zone ranging from 20.04 to 20.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.50 from a trend line in the daily time frame.
- Support @18.13 from a horizontal line in the daily time frame.
- A support zone ranging from 16.94 to 16.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 22.22 to 22.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
PBT Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for PBT is neutral. |
| ChartMill Relative Strength | 92.78 | POSITIVE | PBT has a high relative strength, it outperformed 92.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PBT is below 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) | 49.46 | NEUTRAL | The RSI value for PBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests PBT has a negative trend. |
| Stochastics (14,3) | 47.5 | NEUTRAL | The Stochastics value for PBT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.67 | MEDIUM VOLATILITY | The ATR as a percentage value for PBT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.39 | NEUTRAL | The ADX value for PBT suggests a possible start of a new trend. |
PBT Chart- and CandleStick Pattern Analysis
PBT Example Setup
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 |
|---|---|---|---|
| 22.55 | 20.03 | 2.52 (11.18%) | 8.95% |
| An entry @22.55. This is a Buy Stop order right above the resistance zone. | An exit @20.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.52 points, which is 11.18%. | For a 1.00% total portfolio risk, you can invest 8.95% 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.
PBT Technicals: Chart, Performance Metrics, Trend & Indicators
21.01
-0.27 (-1.27%)
PERMIAN BASIN ROYALTY TRUST / PBT TA 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.
What is the RSI signal for PBT stock?
PERMIAN BASIN ROYALTY TRUST (PBT) has an RSI value of 49.4606. This indicates that the stock is currently neutral.
What is the short term momentum for PBT stock?
The short term momentum for PERMIAN BASIN ROYALTY TRUST (PBT) is neutral.
What is the support and resistance level for PBT stock?
PERMIAN BASIN ROYALTY TRUST (PBT) has a support level at 20.43 and a resistance level at 22.22. Check the full technical report for our detailed analysis of PBT support and resistance levels.