BLUEKNIGHT ENERGY PARTNERS L (BKEP) Technical Analysis
NASDAQ:BKEP • US09625U1097
Current stock price
BKEP Technical Rating and Analysis
Overall BKEP gets a technical rating of 10 out of 10. Both in the recent history as in the last year, BKEP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that BKEP is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by BKEP over the past year are nicely spread over this period.
- BKEP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 93% of 209 stocks in the same industry.
- 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.
BKEP Weekly and Daily overview Charts
BKEP Setup Rating and Analysis
Besides having an excellent technical rating, BKEP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
BKEP Support and Resistance Analysis
3.21
4 important support areas can be observed.
- 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.
We found 1 important resistance 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.
BKEP 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 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. |
BKEP Chart- and CandleStick Pattern Analysis
BKEP 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 |
|---|---|---|---|
| 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.
BKEP Technicals: Chart, Performance Metrics, Trend & Indicators
4.63
0 (-0.11%)
BLUEKNIGHT ENERGY PARTNERS L / BKEP TA 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 trend direction for BKEP stock?
The current trend direction for BLUEKNIGHT ENERGY PARTNERS L (BKEP) is Bullish.
Can you provide the RSI signal for BLUEKNIGHT ENERGY PARTNERS L?
BLUEKNIGHT ENERGY PARTNERS L (BKEP) has an RSI value of 58.4818. This indicates that the stock is currently neutral.
What is the MACD signal for BKEP stock?
The MACD indicator for BLUEKNIGHT ENERGY PARTNERS L (BKEP) has a value of -0.00514621, indicating a bearish trend.
Can you provide the support and resistance levels for BLUEKNIGHT ENERGY PARTNERS L?
BLUEKNIGHT ENERGY PARTNERS L (BKEP) has a support level at 4.57 and a resistance level at 4.63. Check the full technical report for our detailed analysis of BKEP support and resistance levels.