BLACK STONE MINERALS LP (BSM) Stock Technical Analysis
NYSE:BSM • US09225M1018
Taking everything into account, BSM scores 8 out of 10 in our technical rating. 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. 66% of 206 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- BSM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BSM is lagging the market slightly.
- In the last month BSM has a been trading in the 14.43 - 15.30 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, BSM outperforms 48% of them, which is more or less in line with the market.
Besides having an excellent technical rating, BSM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 15.11. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
13.15
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.87 to 14.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.28 to 13.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.11 to 15.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 48.89 | 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) | 58.22 | NEUTRAL | The RSI value for BSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BSM has a negative trend. |
| Stochastics (14,3) | 65.9 | NEUTRAL | The Stochastics value for BSM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for BSM suggests low volalility. |
| Average Directional Index/ADX (14) | 23.5 | NEUTRAL | The ADX value for BSM suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 15.27 | 14.65 | 0.62 (4.09%) | 24.46% |
| An entry @15.27. This is a Buy Stop order right above the resistance zone. | An exit @14.65. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.62 points, which is 4.09%. | For a 1.00% total portfolio risk, you can invest 24.46% of your capital in this trade. |
- 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.
15.07
-0.03 (-0.2%)
BLACK STONE MINERALS LP / BSM 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 58.2167. 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 -0.0322006, 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 14.05 and a resistance level at 15.11. Check the full technical report for our detailed analysis of BSM support and resistance levels.