BUCKEYE PARTNERS L P (BPL) Technical Analysis
NYSE:BPL
Current stock price
BPL Technical Rating and Analysis
Overall BPL gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BPL is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- BPL 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.
- BPL has an average volume of 2444370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, BPL did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month BPL has a been trading in a tight range between 41.35 and 41.48.
BPL Weekly and Daily overview Charts
BPL Setup Rating and Analysis
Besides having an excellent technical rating, BPL 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 41.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.44, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BPL 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
BPL Support and Resistance Analysis
40.24
We found 1 important support area.
- A support zone ranging from 40.65 to 41.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 41.47 to 42.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
BPL 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 BPL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BPL is up. |
| ChartMill Relative Strength | 78.28 | POSITIVE | BPL has a high relative strength, it outperformed 78.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BPL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BPL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BPL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.14 | NEUTRAL | The RSI value for BPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BPL has a negative trend. |
| Stochastics (14,3) | 77.27 | NEUTRAL | The Stochastics value for BPL is a neutral value. |
| Average True Range in percent/ATR (20) | 0.09 | LOW VOLATILITY | The low ATR as a percentage value for BPL suggests low volalility. |
BPL Chart- and CandleStick Pattern Analysis
BPL 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 |
|---|---|---|---|
| 41.49 | 41.39 | 0.10 (0.24%) | 25.00% |
| An entry @41.49. This is a Buy Stop order right above the 10 day high. | An exit @41.39. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 0.24%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.06%. |
- 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.
BPL Technicals: Chart, Performance Metrics, Trend & Indicators
41.46
+0.01 (+0.02%)
BUCKEYE PARTNERS L P / BPL TA FAQ
What is the technical rating for BPL stock?
ChartMill assigns a technical rating of 7 / 10 to BPL.
What is the trend direction for BPL stock?
The current trend direction for BUCKEYE PARTNERS L P (BPL) is Bullish.
Can you provide the RSI signal for BUCKEYE PARTNERS L P?
BUCKEYE PARTNERS L P (BPL) has an RSI value of 64.1378. This indicates that the stock is currently neutral.
What is the MACD signal for BUCKEYE PARTNERS L P (BPL) stock?
The MACD indicator for BUCKEYE PARTNERS L P (BPL) has a value of -0.0047737, indicating a bearish trend.
What are the support and resistance levels for BUCKEYE PARTNERS L P (BPL) stock?
BUCKEYE PARTNERS L P (BPL) has a support level at 41.44 and a resistance level at 41.47. Check the full technical report for our detailed analysis of BPL support and resistance levels.