BLACK STONE MINERALS LP (BSM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BSM - US09225M1018
Overall BSM gets a technical rating of 3 out of 10. BSM performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of BSM is bad and it also does not present a 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
11.79
When analyzing the support we can see 2 important areas.
- Support @13.32 from a trend line in the daily time frame.
- A support zone ranging from 11.91 to 11.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 14.63 to 14.81. 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.
- 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 | NEUTRAL | NEUTRAL | The long term trend for BSM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BSM is down. |
| ChartMill Relative Strength | 38.39 | NEUTRAL | BSM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BSM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BSM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BSM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.1 | NEUTRAL | The RSI value for BSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests BSM has a negative trend. |
| Stochastics (14,3) | 11.35 | OVERSOLD | The low Stochastics value suggests BSM may be oversold. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for BSM suggests some volalility. |
| Average Directional Index/ADX (14) | 30.97 | POSITIVE | The high ADX value value for BSM suggests a strong trend. |
13.4
-0.21 (-1.54%)
BLACK STONE MINERALS LP / BSM FAQ
What is the technical rating for BSM stock?
ChartMill assigns a technical rating of 3 / 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 Bearish.
What is the RSI signal for BSM stock?
BLACK STONE MINERALS LP (BSM) has an RSI value of 40.1042. 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 negative.