NATURAL RESOURCE PARTNERS LP - Daily - Technical analysis published on 04/27/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 86.40 USD
My targets
95.58 USD (+4.20%)
104.83 USD (+14.28%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NATURAL RESOURCE PARTNERS LP as long as the price remains well above 86.40 USD. The buyers' bullish objective is set at 95.58 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 104.83 USD. If there is any crossing, the next objective would be the resistance located at 112.47 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NATURAL RESOURCE PARTNERS LP price is 91.73 USD. On the day, this instrument gained +2.61% and was between 90.20 USD and 92.48 USD. This implies that the price is at +1.70% from its lowest and at -0.81% from its highest.90.20
92.48
91.73
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NATURAL RESOURCE PARTNERS LP in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 80.26 | 86.40 | 91.50 | 91.73 | 95.58 | 112.47 | 174.69 |
| Change (%) | -12.50% | -5.81% | -0.25% | - | +4.20% | +22.61% | +90.44% |
| Change | -11.47 | -5.33 | -0.23 | - | +3.85 | +20.74 | +82.96 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.18 | 89.19 | 90.46 | 91.47 | 92.74 | 93.75 | 95.02 |
| Camarilla | 91.10 | 91.31 | 91.52 | 91.73 | 91.94 | 92.15 | 92.36 |
| Woodie | 88.31 | 89.26 | 90.59 | 91.54 | 92.87 | 93.82 | 95.15 |
| Fibonacci | 89.19 | 90.06 | 90.60 | 91.47 | 92.34 | 92.88 | 93.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.51 | 86.26 | 88.99 | 90.74 | 93.47 | 95.22 | 97.95 |
| Camarilla | 90.50 | 90.91 | 91.32 | 91.73 | 92.14 | 92.55 | 92.96 |
| Woodie | 85.01 | 86.51 | 89.49 | 90.99 | 93.97 | 95.47 | 98.45 |
| Fibonacci | 86.26 | 87.97 | 89.03 | 90.74 | 92.45 | 93.51 | 95.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.02 | 80.58 | 86.29 | 89.85 | 95.56 | 99.12 | 104.83 |
| Camarilla | 89.45 | 90.30 | 91.15 | 92.00 | 92.85 | 93.70 | 94.55 |
| Woodie | 78.10 | 81.12 | 87.37 | 90.39 | 96.64 | 99.66 | 105.91 |
| Fibonacci | 80.58 | 84.12 | 86.31 | 89.85 | 93.39 | 95.58 | 99.12 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.29 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 8.12 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 89.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 86.42 | |
| Elder Ray (13): | 1.51 | |
| Super Trend (3,10): | 83.93 | |
| Zig ZAG (10): | 91.73 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 62.24 | |
| TEMA (21): | 89.72 | |
| Williams %R (14): | -11.00 | |
| Chande Momentum Oscillator (20): | 4.18 | |
| Repulse (5,40,3): | 0.7700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.16 |
| MA7: | 89.46 | |
| MA20: | 90.16 | |
| MA50: | 88.91 | |
| MA100: | 88.43 | |
| MAexp7: | 89.88 | |
| MAexp20: | 89.83 | |
| MAexp50: | 89.17 | |
| MAexp100: | 85.88 | |
| Price / MA7: | +2.54% | |
| Price / MA20: | +1.74% | |
| Price / MA50: | +3.17% | |
| Price / MA100: | +3.73% | |
| Price / MAexp7: | +2.06% | |
| Price / MAexp20: | +2.12% | |
| Price / MAexp50: | +2.87% | |
| Price / MAexp100: | +6.81% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on NATURAL RESOURCE PARTNERS LP. At the time of publication of this analysis, the latest news was as follows:
- Natural Resource Partners L.P. Reports Second Quarter 2023 Results and Declares Second Quarter 2023 Distribution of $0.75 per Common Unit
- Natural Resource Partners L.P. Schedules Second Quarter 2023 Earnings Conference Call
- Natural Resource Partners L.P. Announces 2022 Schedule K-3 Now Available
- Natural Resource Partners L.P. Reports First Quarter 2023 Results and Declares First Quarter 2023 Distribution of $0.75 per Common Unit
- Natural Resource Partners L.P. Schedules First Quarter 2023 Earnings Conference Call
This member declared not having a position on this financial instrument or a related financial instrument.
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