PBT Technical Analysis of Permian Basin Royalties


Source: Daily Stock Exchange Traders

Longer term trading plans for PBT
  • Buy PBT on 5.17 target 5.76 stop loss @ 5.16 Details
  • Summary technical data tells us to buy PBT near 5.17 with a bullish target of 5.76. This data also tells us to set a stop loss @ 5.16 to protect against an excessive loss in case the stock starts moving against the trade. 5.17 is the first level of support below 5.27, and by rule, any test of support is a buy signal. In this case, 5.17 support is being tested, a buy signal would exist.

  • Short PBT below 5.76, target 5.17, stop loss @ 5.78 Details
  • The technical summary of the data suggests a short sale of the PBT as it approaches 5.76 with a bearish target of 5.17. We should however have a stop loss in place at 5.78. 5.76 is the first resistance level above 5.27, and by rule, any resistance test is a short signal. In this case, if resistor 5.76 is tested, a short signal would exist.

Swing Trading Plans for PBT
  • Buy PBT at 5.36, Target 5.76, Stop Loss @ 5.34 Details
  • If 5.36 starts to break higher, technical summary data tells us to buy PBT just above 5.36, with a bullish target of 5.76. The data also tells us to set a stop loss @ 5.34 in case the stock turns against the trade. 5.36 is the first resistance level above 5.27, and by rule, any breakout above resistance is a buy signal. In this case, 5.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • Short PBT near 5.36, Target 4.63, Stop Loss @ 5.38. Details
  • Technical summary data suggests PBT short if it tests 5.36 with a bearish target of 4.63. We should have a stop loss in place at 5.38 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 5.36, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

Daily trading plans for PBT
  • Buy PBT Above 5.37, Target 5.76, Stop Loss @ 5.36 Details
  • If 5.37 starts to break higher, technical summary data tells us to buy PBT just above 5.37, with a bullish target of 5.76. The data also tells us to set a stop loss @ 5.36 in case the stock turns against the trade. 5.37 is the first resistance level above 5.27, and by rule, any breakout above resistance is a buy signal. In this case, 5.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • Short PBT near 5.37, Target 4.63, Stop Loss @ 5.38. Details
  • The technical summary of the data suggests short of PBT if it tests 5.37 with a bearish target of 4.63. We should have a stop loss in place at 5.38 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 5.37, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

PBT Technical Summary | Raw data for trading plans

Term → Near Environment Long
Bias Weak Strong Strong
P1 0 0 4.63
P2 5.37 5.15 5.17
P3 0 5.36 5.76


PBT Swing Trading Analysis for August 22, 2021


PBT Day Trading Analysis for August 22, 2021

This proprietary methodology is designed to optimize exchanges by Royalty of the Permian Basin (NYSE: PBT) and establish prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of publication, but the support and resistance levels for PBT change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and stock market crash protection using Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, if PBT is testing support, buy signals surface and resistance is the target. Conversely, if resistance is tested, it is a sign of controlling risk or selling, and support would be the target on the downside accordingly. In each case, the trigger point is designed to be both a great place to take a position (avoid trading in the middle of a trading channel) and it also acts as a level of risk control.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading and long term investment plans for PBT as well. All these elements are proposed under the summary table.

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