BLACK STONE MINERALS LP (BSM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BSM - US09225M1018
We assign a technical rating of 8 out of 10 to BSM. Although BSM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although BSM has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.82
We found 3 important support areas.
- Support @13.07 from a trend line in the daily time frame.
- Support @12.41 from a horizontal line in the daily time frame.
- A support zone ranging from 11.94 to 12.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- Resistance @14.04 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 14.27 to 14.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.84 from a trend line in the weekly time frame.
- Resistance @15.35 from a horizontal line in the weekly time frame.
- Resistance @15.80 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for BSM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BSM is up. |
| ChartMill Relative Strength | 68.12 | NEUTRAL | BSM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BSM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BSM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BSM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.82 | NEUTRAL | The RSI value for BSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BSM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.92 | OVERBOUGHT | The high Stochastics value suggests BSM may be overbought. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for BSM suggests low volalility. |
| Average Directional Index/ADX (14) | 24.73 | NEUTRAL | The ADX value for BSM suggests a possible start of a new trend. |
14.03
-0.23 (-1.61%)
BLACK STONE MINERALS LP / BSM FAQ
What is the technical rating for BSM stock?
ChartMill assigns a technical rating of 8 / 10 to BSM.
Can you provide the trend direction for BLACK STONE MINERALS LP?
The current trend direction for BLACK STONE MINERALS LP (BSM) is Bullish.
What is the RSI signal for BSM stock?
BLACK STONE MINERALS LP (BSM) has an RSI value of 61.8242. This indicates that the stock is currently neutral.
What is the short term momentum for BLACK STONE MINERALS LP (BSM) stock?
The short term momentum for BLACK STONE MINERALS LP (BSM) is positive.
What is the buy/sell signal for BSM stock?
The buy/sell signal for BLACK STONE MINERALS LP (BSM) is buy as both the short term and long term trends are positive.