MVO Stock Summary and Trading Ideas (MV Oil Trust Units Of Beneficial Interests | NYSE:MVO)

MV Oil Trust is a statutory trust. Its underlying properties consist of MV Partners, LLC's (MV Partners) net interests in all of its oil and natural gas properties, which are located in the Mid-Continent region in the States of Kansas and Colorado. These oil and gas properties include producing oil and gas wells.

MV Oil Trust Units Of Beneficial Interests trades on the NYSE stock market under the symbol MVO.

As of May 13, 2024, MVO stock price climbed to $9.60 with 35,115 million shares trading.

MVO has a beta of -0.01, meaning it tends to be less sensitive to market movements. MVO has a correlation of 0.00 to the broad based SPY ETF.

MVO has a market cap of $110.40 million. This is considered a Micro Cap stock.

In the last 3 years, MVO stock traded as high as $16.41 and as low as $5.41.

MVO has underperformed the market in the last year with a price return of +4.5% while the SPY ETF gained +27.8%. MVO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -10.1% and -1.3%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

MVO support price is $9.31 and resistance is $9.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MVO stock will trade within this expected range on the day.