Sabine Royalty Trust (SBR)

We received a question on Sabine Royalty Trust (SBR), which is scheduled to report earnings on Monday, November 10. We address the key supports, resistances, and targets to watch below.

Sabine Royalty Trust (SBR): A breakout and deep retest of triangle base

Sabine Royalty Trust (SBR) has broken out from a 2023–2025 triangle base and is undergoing a deep retest of that breakout. Rising weekly moving averages signal a bullish shift for 2025, with key support from the 26-, 40-, and 200-week MAs between 70.00 and 67.50, reinforced by the higher low from mid-October at 66.80. Holding this zone keeps the breakout valid.

A decisive move back above the rising 13-week MA at 73.26 would strengthen conviction that this support holds and reassert the bullish trend, targeting 82.95 (61.8% extension), 84.39 (late-September high), and 86.50 (triangle pattern projection).

Beyond that, resistance is at the 2022–2023 highs of 90.73–91.10 and the 100% extension at 92.94.

Chart 1: Sabine Royalty Trust (SBR)