IPATH SELECT MLP ETN (ATMP) Stock Technical Analysis
NYSEARCA:ATMP - NYSE Arca - US06742C7231 - ETF - Currency: USD
We assign a technical rating of 1 out of 10 to ATMP. ATMP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ATMP is part of the Banks industry. There are 397 other stocks in this industry, of which 76% are performing better than ATMP.
Warning: ATMP has an average volume of 20884 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, ATMP outperforms 53% of them, which is more or less in line with the market.
ATMP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ATMP is lagging the market.
In the last month ATMP has a been trading in a tight range between 28.54 and 29.56.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ATMP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 28.76, a Stop Loss order could be placed below this zone.
More info and screens
27.08
32.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 28.58 to 28.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 27.88 to 28.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.35 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 28.97 to 29.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.00 to 31.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.68 from a horizontal line in the daily 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 ATMP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATMP is down. |
| ChartMill Relative Strength | 53.82 | NEUTRAL | ATMP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATMP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ATMP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ATMP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.83 | NEUTRAL | The RSI value for ATMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ATMP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.8 | NEUTRAL | The Stochastics value for ATMP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for ATMP suggests low volalility. |
| Average Directional Index/ADX (14) | 8.94 | NEGATIVE | The low ADX value for ATMP suggests a weak or negative 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)
NYSEARCA:ATMP (7/11/2025, 8:04:00 PM)
28.87
+0.07 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.24%
1 Week-0.91%
2 Weeks-1.28%
1 Month-0.97%
3 Month5.06%
6 Month-1.16%
12 Month12.62%
2 Year37.64%
3 Year55.05%
5 Year175.74%
10 Year10.06%
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%1.21%
ATR Inc-53.05%
Range Today0.12
ADR(20)0.31
ADR(20)%1.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.82
Mansfield-0.57
10 Day High29.56
10 Day Low28.56
20 Day High29.56
20 Day Low28.54
52 Week High32.09
52 Week Low24.2
CS1 End28.76
CR1 Start28.97
Volume & EV
DER(3)1.13%
DER(5)1.9%
Volume6.40K
Volume Incr-40.19%
Vol(5)13.08K
Vol(50)20.88K