BLUEKNIGHT ENERGY PARTNERS L (BKEP) Stock Technical Analysis
NASDAQ:BKEP • US09625U1097
Overall BKEP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BKEP is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, BKEP did better than 94% of all other stocks. On top of that, BKEP also shows a nice and consistent pattern of rising prices.
- BKEP is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. BKEP outperforms 91% of them.
- BKEP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BKEP has a been trading in a tight range between 4.56 and 4.68.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, BKEP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.63. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
3.21
We found 4 important support areas.
- A support zone ranging from 4.49 to 4.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.46 from a trend line in the weekly time frame.
- Support @3.35 from a trend line in the daily time frame.
- A support zone ranging from 3.24 to 3.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.63 to 4.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 BKEP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BKEP is up. |
| ChartMill Relative Strength | 94.86 | POSITIVE | BKEP has a high relative strength, it outperformed 94.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BKEP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BKEP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BKEP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.48 | NEUTRAL | The RSI value for BKEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BKEP has a negative trend. |
| Stochastics (14,3) | 41.67 | NEUTRAL | The Stochastics value for BKEP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.54 | LOW VOLATILITY | The low ATR as a percentage value for BKEP suggests low volalility. |
| Average Directional Index/ADX (14) | 26.63 | POSITIVE | The high ADX value value for BKEP suggests a strong trend. |
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 |
|---|---|---|---|
| 4.66 | 4.59 | 0.07 (1.50%) | 25.00% |
| An entry @4.66. This is a Buy Stop order right above the 10 day high. | An exit @4.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 1.50%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- 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.
4.63
0 (-0.11%)
BLUEKNIGHT ENERGY PARTNERS L / BKEP FAQ
Can you provide the ChartMill technical rating for BLUEKNIGHT ENERGY PARTNERS L?
ChartMill assigns a technical rating of 9 / 10 to BKEP.
What is the current trend direction of BLUEKNIGHT ENERGY PARTNERS L (BKEP) stock?
The current trend direction for BLUEKNIGHT ENERGY PARTNERS L (BKEP) is Bullish.
What is the RSI signal for BLUEKNIGHT ENERGY PARTNERS L (BKEP) stock?
BLUEKNIGHT ENERGY PARTNERS L (BKEP) has an RSI value of 58.4818. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BLUEKNIGHT ENERGY PARTNERS L?
The MACD indicator for BLUEKNIGHT ENERGY PARTNERS L (BKEP) has a value of -0.00514621, indicating a bearish trend.
What is the short term momentum for BLUEKNIGHT ENERGY PARTNERS L (BKEP) stock?
The short term momentum for BLUEKNIGHT ENERGY PARTNERS L (BKEP) is positive.