Overall CPLP gets a technical rating of 3 out of 10. 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.
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
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. |
NASDAQ:CPLP (8/23/2024, 8:00:00 PM)
16.77
+0.35 (+2.13%)
CAPITAL PRODUCT PARTNERS LP / CPLP FAQ
What is the ChartMill technical rating of CAPITAL PRODUCT PARTNERS LP (CPLP) stock?
ChartMill assigns a technical rating of 3 / 10 to CPLP.
What is the trend direction for CPLP stock?
The current trend direction for CAPITAL PRODUCT PARTNERS LP (CPLP) is Bearish.
Can you provide the RSI signal for CAPITAL PRODUCT PARTNERS LP?
CAPITAL PRODUCT PARTNERS LP (CPLP) has an RSI value of 55.2865. This indicates that the stock is currently neutral.
What is the MACD signal for CPLP stock?
The MACD indicator for CAPITAL PRODUCT PARTNERS LP (CPLP) has a value of 0.0653714, indicating a bearish trend.
What is the short term momentum for CAPITAL PRODUCT PARTNERS LP (CPLP) stock?
The short term momentum for CAPITAL PRODUCT PARTNERS LP (CPLP) is neutral.