BLACK STONE MINERALS LP (BSM) Stock Technical Analysis
NYSE:BSM - US09225M1018
11.95 USD
-0.2 (-1.65%)
12 USD
+0.05 (+0.42%)
Taking everything into account, BSM scores 0 out of 10 in our technical rating. BSM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BSM is a bad performer in the overall market: 87% of all stocks are doing better.
BSM is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 78% of 209 stocks in the same industry do better.
BSM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month BSM has a been trading in the 11.90 - 12.66 range, which is quite wide. It is currently trading near the lows of this range.
BSM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 11.94, a Stop Loss order could be placed below this zone.
More info and screens
11.79
15.96
When analyzing the support we notice one important area.
- 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 5 important resistance areas.
- A resistance zone ranging from 12.00 to 12.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 12.52 to 12.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.76 from a horizontal line in the daily time frame.
- Resistance @14.14 from a trend line in the weekly time frame.
- A resistance zone ranging from 15.35 to 15.80. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for BSM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BSM is down. |
| ChartMill Relative Strength | 13.09 | NEGATIVE | BSM has a low relative strength, it was outperformed by 86.91% off all stocks 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) | DOWN | NEGATIVE | The current price of BSM is below a declining 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) | 39.5 | NEUTRAL | The RSI value for BSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BSM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 26.59 | NEUTRAL | The Stochastics value for BSM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for BSM suggests low volalility. |
| Average Directional Index/ADX (14) | 15.74 | NEGATIVE | The low ADX value for BSM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
11.95
-0.2 (-1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.65%
1 Week-2.13%
2 Weeks-1.48%
1 Month-2.45%
3 Month-12.58%
6 Month-18.98%
12 Month-15.25%
2 Year-30.64%
3 Year-23.64%
5 Year94.63%
10 Year-13.41%
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%1.94%
ATR Inc12.4%
Range Today0.22
ADR(20)0.22
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.09
Mansfield-2.33
10 Day High12.43
10 Day Low11.93
20 Day High12.66
20 Day Low11.9
52 Week High15.66
52 Week Low11.9
CS1 End11.94
CR1 Start12
Volume & EV
DER(3)-1.65%
DER(5)-2.83%
Volume501.40K
Volume Incr34.08%
Vol(5)662.44K
Vol(50)539.10K