ALERIAN MLP ETF (AMLP) Technical Analysis
NYSEARCA:AMLP • US00162Q4525
Current stock price
AMLP Technical Rating and Analysis
Overall AMLP gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AMLP is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- AMLP is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AMLP is leading the market.
- AMLP has an average volume of 1733540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, AMLP did better than 71% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month AMLP has a been trading in a tight range between 50.98 and 53.50.
AMLP Weekly and Daily overview Charts
AMLP Setup Rating and Analysis
AMLP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 52.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.82, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AMLP in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
AMLP Support and Resistance Analysis
45.01
4 important support areas can be observed.
- A support zone ranging from 52.29 to 52.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 49.21 to 49.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 46.55 to 46.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.46 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 52.87 to 53.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
AMLP Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for AMLP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMLP is up. |
| ChartMill Relative Strength | 71.95 | POSITIVE | AMLP has a high relative strength, it outperformed 71.95% off all stocks 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) | UP | POSITIVE | The current price of AMLP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.13 | NEUTRAL | The RSI value for AMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests AMLP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.45 | NEUTRAL | The Stochastics value for AMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.33 | LOW VOLATILITY | The low ATR as a percentage value for AMLP suggests low volalility. |
| Average Directional Index/ADX (14) | 28.34 | POSITIVE | The high ADX value value for AMLP suggests a strong trend. |
AMLP Chart- and CandleStick Pattern Analysis
AMLP Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 53.08 | 52.28 | 0.80 (1.51%) | 25.00% |
| An entry @53.08. This is a Buy Stop order right above the resistance zone. | An exit @52.28. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.80 points, which is 1.51%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- The distance between exit and entry is rather small compared to the average daily movement of AMLP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
AMLP Technicals: Chart, Performance Metrics, Trend & Indicators
52.86
-0.2 (-0.38%)
ALERIAN MLP ETF / AMLP TA FAQ
What is the ChartMill technical rating of ALERIAN MLP ETF (AMLP) stock?
ChartMill assigns a technical rating of 8 / 10 to AMLP.
Can you provide the trend direction for ALERIAN MLP ETF?
The current trend direction for ALERIAN MLP ETF (AMLP) is Bullish.
Can you provide the RSI signal for ALERIAN MLP ETF?
ALERIAN MLP ETF (AMLP) has an RSI value of 63.127. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ALERIAN MLP ETF?
The MACD indicator for ALERIAN MLP ETF (AMLP) has a value of -0.0405937, indicating a bearish trend.
Can you provide the short term momentum for ALERIAN MLP ETF?
The short term momentum for ALERIAN MLP ETF (AMLP) is positive.