BOARDWALK PIPELINE PARTNERS LP (BWP) Stock Technical Analysis
NYSE:BWP - New York Stock Exchange, Inc. - US0966271043
Overall BWP gets a technical rating of 7 out of 10. Although BWP is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
80% of all other stocks performed better in the past year than BWP.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month BWP has a been trading in the 9.80 - 12.07 range, which is quite wide. It is currently trading near the high of this range.
BWP has an average volume of 2711700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BWP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BWP is lagging the market.
BWP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.04, a Stop Loss order could be placed below this zone.
More info and screens
10.16
18.26
2 important support areas can be observed.
- A support zone ranging from 12.04 to 12.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.26 to 10.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 12.07 to 12.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.08 from a trend 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 BWP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BWP is up. |
| ChartMill Relative Strength | 20.37 | NEGATIVE | BWP has a low relative strength, it was outperformed by 79.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BWP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BWP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BWP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 73.2 | OVERBOUGHT | The high RSI value suggests BWP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BWP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.17 | OVERBOUGHT | The high Stochastics value suggests BWP may be overbought. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for BWP suggests low volalility. |
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)
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 |
|---|---|---|---|
| 12.08 | 12.03 | 0.05 (0.41%) | 25.00% |
| An entry @12.08. This is a Buy Stop order right above the resistance zone. | An exit @12.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.05 points, which is 0.41%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.10%. |
- The distance between exit and entry is rather small compared to the average daily movement of BWP. Please evaluate whether better entry and exit points can be found.
- 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.
12.05
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0%
2 Weeks0.25%
1 Month21.84%
3 Month10.15%
6 Month-9.19%
12 Month-30.51%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%1.97%
ATR Inc-94.13%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.37
Mansfield-1.12
10 Day High12.07
10 Day Low12.02
20 Day High12.07
20 Day Low9.8
52 Week High17.58
52 Week Low9.1
CS1 End12.04
CR1 Start12.07
Volume & EV
DER(3)-1.19%
DER(5)0.09%
Volume4.71M
Volume Incr-46.53%
Vol(5)2.34M
Vol(50)2.71M