Reabold Resources Plc (RBD.L) Top Stock For Core Growth Investment Strategy
Reabold Resources expected to grow at an above-average rate compared to the industry
Reabold Resources
Ticker: RBD.L
Price: GBP 0.61
Business Summary
Reabold Resources PLC is a United Kingdom-based investment holding company. The Company is focused on investing in upstream oil & gas projects. The Company’s projects include Reabold California, Wick UK, Oulton UK, Parta Romania, and Colter UK. Reabold California, which include monroe swell redevelopment, monroe swell drilling, west brentwood, and grizzly island.
The Wick UK prospect lies in the Inner Moray Firth, 5 kilometers up-dip from the Lybster field, which has been developed from onshore facilities. The Oulton UK lies in the Northern North Sea and development opportunities available through sub-sea tiebacks to the nearby Cheviot FPSO re-development. Colter lies adjacent to the prolific Wytch Farm oil field and onshore oil field.
Shayne Heffernan Trade Idea
“We predict the future price of Reabold Resources will come in around GBP 1.60 which will give the stock a price increase of +162.30%. We also expect that the USD will go higher in July so this will probably be a good time to look seriously at the stock to get more value for your money.”
Price Performance
Relative Valuation
Technical Indicators
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 0.71.
The projected lower bound is: 0.53.
The projected closing price is: 0.62.
Candlesticks
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 2 white candles and 7 black candles for a net of 5 black candles. During the past 50 bars, there have been 19 white candles and 21 black candles for a net of 2 black candles.
Momentum Indicators
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 30.9304. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 51.97. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 7 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -59. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 4 period(s) ago.
Rex Takasugi – TD Profile
REABOLD RES closed up 0.015 at 0.610. Volume was 80% below average (consolidating) and Bollinger Bands were 38% narrower than normal.
Open High Low Close Volume 0.595 0.620 0.590 0.610 7,063,141
Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bearish
Moving Averages: 10-period 50-period 200-period Close: 0.64 0.54 0.73 Volatility: 68 117 95 Volume: 23,761,972 33,719,188 37,760,200
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
REABOLD RES is currently 15.9% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods.
Our volume indicators reflect volume flowing into and out of RBDR.L at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on RBDR.L and have had this outlook for the last 46 periods.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of the London Stock Market.
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Sources:
Reabold Resources Company Website
Thomson Reuters Metastock and Eikon financial tools
