BLACK STONE MINERALS LP (BSM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BSM - US09225M1018
We assign a technical rating of 7 out of 10 to BSM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BSM is only an average performer.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month BSM has a been trading in the 13.20 - 14.36 range, which is quite wide. It is currently trading near the high of this range.
- 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 46% of all stocks.
- BSM is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, BSM did better than 50% of them.
- BSM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BSM is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BSM has an excellent technical rating, it does not present a decent entry opportunity 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
13.15
We found 1 important support area.
- A support zone ranging from 13.28 to 13.79. 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 2 important areas.
- A resistance zone ranging from 14.60 to 14.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.35 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 | 46.87 | 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) | 61.29 | NEUTRAL | The RSI value for BSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BSM has a positive trend. |
| Stochastics (14,3) | 89.21 | OVERBOUGHT | The high Stochastics value suggests BSM may be overbought. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for BSM suggests some volalility. |
| Average Directional Index/ADX (14) | 25.7 | POSITIVE | The high ADX value value for BSM suggests a strong trend. |
14.2
+0.01 (+0.07%)
BLACK STONE MINERALS LP / BSM FAQ
What is the technical rating for BSM stock?
ChartMill assigns a technical rating of 7 / 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 61.2936. 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 0.0869672, 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 13.79 and a resistance level at 14.6. Check the full technical report for our detailed analysis of BSM support and resistance levels.