BLACK STONE MINERALS LP (BSM) Stock Technical Analysis
NYSE:BSM - New York Stock Exchange, Inc. - US09225M1018 - Currency: USD
Taking everything into account, BSM scores 1 out of 10 in our technical rating. BSM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
77% of all other stocks performed better in the past year than BSM.
BSM is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 69% of 213 stocks in the same industry do better.
BSM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BSM is lagging the market slightly.
In the last month BSM has a been trading in a tight range between 13.32 and 14.05.
Although the technical rating is bad, BSM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 13.91, a Stop Loss order could be placed below this zone.
More info and screens
12.97
15.96
2 important support areas can be observed.
- A support zone ranging from 13.34 to 13.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.10 to 13.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @14.67 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 | NEUTRAL | NEUTRAL | The short term trend for BSM is neutral. |
| ChartMill Relative Strength | 23.61 | NEGATIVE | BSM has a low relative strength, it was outperformed by 76.39% off all stocks 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) | DOWN | MIXED | The current price of BSM is above 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) | 54.91 | NEUTRAL | The RSI value for BSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BSM has a positive trend. |
| Stochastics (14,3) | 90.15 | OVERBOUGHT | The high Stochastics value suggests BSM may be overbought. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for BSM suggests low volalility. |
| Average Directional Index/ADX (14) | 16.94 | 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)
13.92
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week1.83%
2 Weeks4.27%
1 Month1.24%
3 Month-7.32%
6 Month-4.26%
12 Month-10.37%
2 Year-12.73%
3 Year1.68%
5 Year114.15%
10 Year-19.16%
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%1.48%
ATR Inc-8.9%
Range Today0.26
ADR(20)0.2
ADR(20)%1.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.61
Mansfield-0.97
10 Day High14.05
10 Day Low13.39
20 Day High14.05
20 Day Low13.32
52 Week High16.03
52 Week Low12.8
CS1 End13.91
CR1 Start14.67
Volume & EV
DER(3)-3.75%
DER(5)-2.71%
Volume707.20K
Volume Incr7.14%
Vol(5)324.80K
Vol(50)371.37K