SITIO ROYALTIES CORP (STR)       29.83  -0.08 (-0.27%)

29.83  -0.08 (-0.27%)

US82982V1017 - Common Stock

Technical Rating

5

Taking everything into account, STR scores 5 out of 10 in our technical rating. In the last year, STR was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
STR is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Volume is considerably higher in the last couple of days.
100% of all other stocks performed better in the past year than STR.
STR is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 100% of 392 stocks in the same industry do better.
In the last month STR has a been trading in the 29.20 - 33.65 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -2.38% 16.84% 7.98% 0.00% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 0 21.4 - 33.65
STR Weekly chart
STR Daily chart

Support/Resistance Analysis


29.53

33.42
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 29.90 to 29.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 33.09 to 33.09. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

6

Although the technical rating is only medium, STR does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 29.9, 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.

STR Daily chart

SITIO ROYALTIES CORP29.83

NYSE:STR (12/7/2022, 1:23:09 PM)-0.08 (-0.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today -0.27% 1 Week -3.05%
2 Weeks -1.68% 1 Month -2.38%
3 Month 16.84% 6 Month 7.98%
Volatility
ATR(14) 1.49 ATR(20)% 4.74%
ATR Inc 81.91% Range Today 0.64
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS N/A Mansfield -30
10 Day High 33.65 10 Day Low 29.35
20 Day High 33.65 20 Day Low 29.2
52 Week High 33.65 52 Week Low 21.4
CS1 End 29.9 CR1 Start 33.09
Volume & EV
DER(3) -1.76% DER(5) 0.27%
Volume 122.89K Volume Incr 61.7%
Vol(5) 565.16K Vol(50) 361.15K

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