BUCKEYE PARTNERS L P (BPL) Stock Technical Analysis
NYSE:BPL - New York Stock Exchange, Inc. -
We assign a technical rating of 7 out of 10 to BPL. Although BPL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, BPL 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 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. Another positive sign is the recent Pocket Pivot signal.
- 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
40.24
When analyzing the support we notice one important 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.
When analyzing the resistance we notice one important 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.
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.
41.46
+0.01 (+0.02%)