PERMROCK ROYALTY TRUST (PRT) Technical Analysis
NYSE:PRT • US7142541090
Current stock price
PRT Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to PRT. PRT has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- PRT is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 80% of 209 stocks in the same industry do better.
- When compared to the yearly performance of all other stocks, PRT outperforms 49% of them, which is more or less in line with the market.
- PRT 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 PRT is lagging the market slightly.
- In the last month PRT has a been trading in the 3.20 - 3.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PRT Weekly and Daily overview Charts
PRT Setup Rating and Analysis
Although the technical rating is bad, PRT does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 3.40, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
PRT Support and Resistance Analysis
3.17
2 important support areas can be observed.
- A support zone ranging from 3.30 to 3.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.20 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- Resistance @3.44 from a trend line in the daily time frame.
- Resistance @3.55 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 3.65 to 3.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.97 to 3.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @4.08 from a horizontal line in the daily time frame.
PRT 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 | DOWN | NEGATIVE | The long term trend for PRT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRT is neutral. |
| ChartMill Relative Strength | 49.69 | NEUTRAL | PRT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PRT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.34 | NEUTRAL | The RSI value for PRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PRT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.49 | NEUTRAL | The Stochastics value for PRT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for PRT suggests some volalility. |
| Average Directional Index/ADX (14) | 9.25 | NEGATIVE | The low ADX value for PRT suggests a weak or negative trend. |
PRT Chart- and CandleStick Pattern Analysis
PRT Technicals: Chart, Performance Metrics, Trend & Indicators
3.4
+0.18 (+5.59%)
PERMROCK ROYALTY TRUST / PRT TA FAQ
Can you provide the ChartMill technical rating for PERMROCK ROYALTY TRUST?
ChartMill assigns a technical rating of 3 / 10 to PRT.
Can you provide the trend direction for PERMROCK ROYALTY TRUST?
The current trend direction for PERMROCK ROYALTY TRUST (PRT) is Bearish.
Can you provide the RSI signal for PERMROCK ROYALTY TRUST?
PERMROCK ROYALTY TRUST (PRT) has an RSI value of 53.3397. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PERMROCK ROYALTY TRUST?
PERMROCK ROYALTY TRUST (PRT) has a support level at 3.4 and a resistance level at 3.44. Check the full technical report for our detailed analysis of PRT support and resistance levels.