CAPITAL PRODUCT PARTNERS LP (CPLP) Stock Technical Analysis
NASDAQ:CPLP - Nasdaq - MHY110822068 - Currency: USD
Taking everything into account, CPLP scores 3 out of 10 in our technical rating. CPLP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Warning: CPLP has an average volume of 17840 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
CPLP is part of the Marine Transportation industry. There are 32 other stocks in this industry. CPLP outperforms 93% of them.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, CPLP outperforms 48% of them, which is more or less in line with the market.
CPLP 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 CPLP is lagging the market slightly.
In the last month CPLP has a been trading in the 15.53 - 17.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CPLP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 16.76, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CPLP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
14.05
18.85
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.63 to 16.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.60 to 16.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.19 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.35 to 18.66. 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 | NEUTRAL | NEUTRAL | The long term trend for CPLP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CPLP is neutral. |
| ChartMill Relative Strength | 48.15 | NEUTRAL | CPLP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CPLP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CPLP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CPLP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.29 | NEUTRAL | The RSI value for CPLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CPLP has a positive trend. |
| Stochastics (14,3) | 66.44 | NEUTRAL | The Stochastics value for CPLP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for CPLP suggests some volalility. |
| Average Directional Index/ADX (14) | 20.32 | NEUTRAL | The ADX value for CPLP suggests a possible start of a new 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)
NASDAQ:CPLP (8/23/2024, 8:00:00 PM)
16.77
+0.35 (+2.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg2.13%
1 Week2.88%
2 Weeks2.44%
1 Month2.57%
3 Month-4.34%
6 Month-7.45%
12 Month14%
2 Year10.4%
3 Year35.02%
5 Year59.26%
10 Year-78.1%
15 Year-69.71%
Volatility
ATR(14)0.64
ATR(20)%3.42%
ATR Inc0.72%
Range Today0.55
ADR(20)0.57
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.15
Mansfield-0.81
10 Day High16.8
10 Day Low15.54
20 Day High17.01
20 Day Low15.53
52 Week High18.85
52 Week Low12.7
CS1 End16.76
CR1 Start18.35
Volume & EV
DER(3)4.73%
DER(5)2.02%
Volume9.30K
Volume Incr-2.21%
Vol(5)19.24K
Vol(50)17.84K