BLACK STONE MINERALS LP (BSM) Technical Analysis
NYSE:BSM • US09225M1018
Current stock price
BSM Technical Rating and Analysis
Overall BSM gets a technical rating of 8 out of 10. 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.
- BSM is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 76% of 207 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- BSM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BSM is leading the market.
- When comparing the performance of all stocks over the past year, BSM turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- In the last month BSM has a been trading in a tight range between 14.66 and 15.45.
BSM Weekly and Daily overview Charts
BSM Setup Rating and Analysis
Besides having an excellent technical rating, BSM 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 15.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.29, a Stop Loss order could be placed below this zone.
More info and screens
BSM Support and Resistance Analysis
13.15
We found 4 important support areas.
- A support zone ranging from 15.14 to 15.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 14.69 to 14.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.13 to 14.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.28 to 13.41. 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 15.40 to 15.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
BSM 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 BSM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BSM is up. |
| ChartMill Relative Strength | 55.68 | 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) | UP | POSITIVE | The current price of BSM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.6 | NEUTRAL | The RSI value for BSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BSM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.81 | OVERBOUGHT | The high Stochastics value suggests BSM may be overbought. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for BSM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.53 | NEGATIVE | The low ADX value for BSM suggests a weak or negative trend. |
BSM Chart- and CandleStick Pattern Analysis
BSM 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 |
|---|---|---|---|
| 15.53 | 15.13 | 0.40 (2.58%) | 25.00% |
| An entry @15.53. This is a Buy Stop order right above the resistance zone. | An exit @15.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.40 points, which is 2.58%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- The distance between exit and entry is rather small compared to the average daily movement of BSM. Please evaluate whether better entry and exit points can be found.
- 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.
BSM Technicals: Chart, Performance Metrics, Trend & Indicators
15.39
+0.09 (+0.59%)
BLACK STONE MINERALS LP / BSM TA FAQ
What is the technical rating for BSM stock?
ChartMill assigns a technical rating of 8 / 10 to BSM.
What is the current trend direction of BLACK STONE MINERALS LP (BSM) stock?
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 57.6004. This indicates that the stock is currently neutral.
What is the MACD signal for BSM stock?
The MACD indicator for BLACK STONE MINERALS LP (BSM) has a value of -0.0044104, indicating a bearish trend.
What are the support and resistance levels for BLACK STONE MINERALS LP (BSM) stock?
BLACK STONE MINERALS LP (BSM) has a support level at 15.29 and a resistance level at 15.4. Check the full technical report for our detailed analysis of BSM support and resistance levels.