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Reabold Resources Plc (RBD.L) Top Stock For Core Growth Investment Strategy

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.

We invite you to try out any MetaStock product (including Add-Ons) for 30 days. If you are not convinced that it helps you make more accurate, educated trading decisions, just return it to us within the 30 days for a refund of the purchase price. It’s that simple. This policy does not apply to subscriptions.

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.

Trading and investing carries a HIGH LEVEL OF RISK, you could lose some or all of your investment. Trading commodities or any other financial instrument may not be suitable for all traders. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. We accept no liability for any losses or damages you may incur—this means that you alone are responsible for your actions in any trading or investing activities.

Sources:
Reabold Resources Company Website
Thomson Reuters Metastock and Eikon financial tools

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