We assign a technical rating of 4 out of 10 to AMLP. In the past year, AMLP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, AMLP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 47.29, a Stop Loss order could be placed below this zone.
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44.22
When analyzing the support we can see 2 important areas.
- A support zone ranging from 46.76 to 47.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.67 to 45.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 47.58 to 47.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 49.64 to 49.64. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for AMLP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMLP is up. |
| ChartMill Relative Strength | 35.51 | NEUTRAL | AMLP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMLP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMLP is above the rising 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) | 52.79 | NEUTRAL | The RSI value for AMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AMLP has a negative trend. |
| Stochastics (14,3) | 49.15 | NEUTRAL | The Stochastics value for AMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for AMLP suggests low volalility. |
| Average Directional Index/ADX (14) | 11.89 | NEGATIVE | The low ADX value for AMLP suggests a weak or negative trend. |
47.41
+0.08 (+0.17%)
ALERIAN MLP ETF / AMLP FAQ
What is the ChartMill technical rating of ALERIAN MLP ETF (AMLP) stock?
ChartMill assigns a technical rating of 4 / 10 to AMLP.
What is the trend direction for AMLP stock?
The current trend direction for ALERIAN MLP ETF (AMLP) is Bearish.
Can you provide the RSI signal for ALERIAN MLP ETF?
ALERIAN MLP ETF (AMLP) has an RSI value of 52.7885. This indicates that the stock is currently neutral.
What is the short term momentum for ALERIAN MLP ETF (AMLP) stock?
The short term momentum for ALERIAN MLP ETF (AMLP) is positive.
What is the support and resistance level for AMLP stock?
ALERIAN MLP ETF (AMLP) has a support level at 47.29 and a resistance level at 47.58. Check the full technical report for our detailed analysis of AMLP support and resistance levels.