(PEO) Adams Natural Resources - Ratings and Ratios

Adams Natural Resources Fund (NYSE:PEO) is a closed-end investment company focused on the energy sector. It trades on the New York Stock Exchange under the ticker symbol PEO and is categorized as an equity energy fund. As a closed-end fund, it issues a fixed number of shares, distinguishing it from open-end mutual funds. The fund primarily invests in energy-related equities, providing exposure to companies involved in oil, natural gas, and other energy resources.

From a technical standpoint, the fund exhibits moderate trading activity with an average volume of 47,150 shares over the past 20 days. The last price at market close was $22.63. Key moving averages include the 20-day SMA at $22.14, the 50-day SMA at $22.30, and the 200-day SMA at $21.94. These metrics suggest that the funds price has been relatively stable, hovering slightly above its longer-term averages. The Average True Range (ATR) of 0.40 indicates low volatility, with price fluctuations typically within a narrow range.

In terms of fundamental data, the fund manages Assets Under Management (AUM) of $533.86 million, reflecting its established presence in the energy sector investment landscape. This scale allows for diversification across various energy equities, potentially mitigating risk through a broader portfolio exposure.

Looking ahead, the next three months may see the funds price action remain range-bound. Support is anticipated near the 200-day SMA of $21.94, while resistance may be encountered around $23.00, based on recent price behavior. The low ATR of 0.40 suggests that price fluctuations will likely remain subdued, with average daily price changes expected to be minimal. Investors may observe continued stability as the funds price oscillates within this defined range, influenced by broader energy market dynamics and macroeconomic factors.