ALERIAN MLP ETF (AMLP) Stock Technical Analysis
USA - NYSEARCA:AMLP - US00162Q4525 - ETF
46.98 USD
-0.58 (-1.22%)
46.8056 USD
-0.17 (-0.37%)
We assign a technical rating of 0 out of 10 to AMLP. AMLP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
73% of all other stocks performed better in the past year than AMLP.
AMLP has an average volume of 1300210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AMLP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMLP is lagging the market.
In the last month AMLP has a been trading in a tight range between 46.46 and 48.64.
The technical rating of AMLP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
44.61
52.71
2 important support areas can be observed.
- A support zone ranging from 46.48 to 46.91. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 45.06 to 45.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 47.10 to 48.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 49.26 to 49.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @51.32 from a horizontal line in the weekly time frame.
- Resistance @52.19 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AMLP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMLP is down. |
| ChartMill Relative Strength | 27.72 | NEGATIVE | AMLP has a low relative strength, it was outperformed by 72.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMLP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMLP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMLP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.85 | NEUTRAL | The RSI value for AMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AMLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.49 | NEUTRAL | The Stochastics value for AMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.04 | LOW VOLATILITY | The low ATR as a percentage value for AMLP suggests low volalility. |
| Average Directional Index/ADX (14) | 24.24 | NEUTRAL | The ADX value for AMLP suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
46.98
-0.58 (-1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.22%
1 Week1.01%
2 Weeks-1.3%
1 Month-3.53%
3 Month-4.32%
6 Month-0.09%
12 Month-1.41%
2 Year11.33%
3 Year28.5%
5 Year135.14%
10 Year-24.71%
15 Year-39.18%
Volatility
ATR(14)0.48
ATR(20)%1.04%
ATR Inc33.39%
Range Today0.74
ADR(20)0.46
ADR(20)%0.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.72
Mansfield-1.39
10 Day High48
10 Day Low46.46
20 Day High48.64
20 Day Low46.46
52 Week High53.24
52 Week Low43.75
CS1 End46.91
CR1 Start47.1
Volume & EV
DER(3)-1%
DER(5)-1.45%
Volume1.87M
Volume Incr4.22%
Vol(5)1.36M
Vol(50)1.30M