SABINE ROYALTY TRUST (SBR) Stock Technical Analysis
NYSE:SBR • US7856881021
We assign a technical rating of 2 out of 10 to SBR. SBR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, SBR is a bad performer in the overall market: 75% of all stocks are doing better.
- SBR is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, of which 79% are performing better than SBR.
- In the last month SBR has a been trading in the 68.00 - 73.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- SBR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SBR is lagging the market.
Although the technical rating is bad, SBR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 69.82, 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
58.89
When analyzing the support we can see 5 important areas.
- A support zone ranging from 69.26 to 69.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @67.99 from a trend line in the weekly time frame.
- A support zone ranging from 65.68 to 66.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @64.20 from a trend line in the weekly time frame.
- A support zone ranging from 59.48 to 61.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 70.02 to 71.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @75.82 from a trend line in the daily time frame.
- Resistance @79.16 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for SBR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SBR is neutral. |
| ChartMill Relative Strength | 25.42 | NEGATIVE | SBR has a low relative strength, it was outperformed by 74.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SBR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SBR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SBR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.63 | NEUTRAL | The RSI value for SBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SBR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.56 | NEUTRAL | The Stochastics value for SBR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for SBR suggests some volalility. |
| Average Directional Index/ADX (14) | 19 | NEGATIVE | The low ADX value for SBR suggests a weak or negative trend. |
69.89
-1.21 (-1.7%)
SABINE ROYALTY TRUST / SBR FAQ
What is the ChartMill technical rating of SABINE ROYALTY TRUST (SBR) stock?
ChartMill assigns a technical rating of 2 / 10 to SBR.
What is the current trend direction of SABINE ROYALTY TRUST (SBR) stock?
The current trend direction for SABINE ROYALTY TRUST (SBR) is Bearish.
What is the RSI signal for SBR stock?
SABINE ROYALTY TRUST (SBR) has an RSI value of 49.6319. This indicates that the stock is currently neutral.
What is the MACD signal for SBR stock?
The MACD indicator for SABINE ROYALTY TRUST (SBR) has a value of 0.00887918, indicating a bearish trend.
Can you provide the support and resistance levels for SABINE ROYALTY TRUST?
SABINE ROYALTY TRUST (SBR) has a support level at 69.82 and a resistance level at 70.02. Check the full technical report for our detailed analysis of SBR support and resistance levels.