SABINE ROYALTY TRUST (SBR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SBR - US7856881021
Taking everything into account, SBR scores 1 out of 10 in our technical rating. 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.
SBR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 67.59, a Stop Loss order could be placed below this zone.
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58.89
3 important support areas can be observed.
- A support zone ranging from 65.68 to 67.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @63.83 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 68.70 to 70.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @76.02 from a trend line in the weekly time frame.
- A resistance zone ranging from 77.96 to 79.07. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for SBR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SBR is down. |
| ChartMill Relative Strength | 35.84 | NEUTRAL | SBR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SBR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SBR is below the rising 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) | 39.2 | NEUTRAL | The RSI value for SBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests SBR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.83 | NEUTRAL | The Stochastics value for SBR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for SBR suggests some volalility. |
| Average Directional Index/ADX (14) | 31.55 | POSITIVE | The high ADX value value for SBR suggests a strong trend. |
68.57
-1.55 (-2.21%)
SABINE ROYALTY TRUST / SBR FAQ
What is the ChartMill technical rating of SABINE ROYALTY TRUST (SBR) stock?
ChartMill assigns a technical rating of 1 / 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 39.1982. 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 0.131479, 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 67.59 and a resistance level at 68.7. Check the full technical report for our detailed analysis of SBR support and resistance levels.