DCP Midstream LP (DCP) Technical Analysis
NYSE:DCP • US23311P1003
Current stock price
DCP Technical Rating and Analysis
Taking everything into account, DCP scores 7 out of 10 in our technical rating. In the last year, DCP was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that DCP is one of the better performing stocks in the market, outperforming 87% of all stocks.
- DCP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so DCP is leading the market.
- DCP is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, DCP did better than 59% of them.
- In the last month DCP has a been trading in a tight range between 41.40 and 41.73.
- Volume is considerably higher in the last couple of days.
DCP Weekly and Daily overview Charts
DCP Setup Rating and Analysis
Although DCP has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
DCP Support and Resistance Analysis
34.12
We found 3 important support areas.
- A support zone ranging from 41.41 to 41.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.11 to 38.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @34.46 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.98 to 42.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
DCP Technical Indicator Signal Analysis
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 DCP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DCP is up. |
| ChartMill Relative Strength | 87.9 | POSITIVE | DCP has a high relative strength, it outperformed 87.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DCP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DCP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DCP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.28 | NEUTRAL | The RSI value for DCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests DCP has a positive trend. |
| Stochastics (14,3) | 83.74 | OVERBOUGHT | The high Stochastics value suggests DCP may be overbought. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for DCP suggests low volalility. |
| Average Directional Index/ADX (14) | 14.09 | NEGATIVE | The low ADX value for DCP suggests a weak or negative trend. |
DCP Chart- and CandleStick Pattern Analysis
DCP Example Setup
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 |
|---|---|---|---|
| 41.74 | 41.39 | 0.35 (0.84%) | 25.00% |
| An entry @41.74. This is a Buy Stop order right above the 10 day high. | An exit @41.39. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.35 points, which is 0.84%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.21%. |
- 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.
DCP Technicals: Chart, Performance Metrics, Trend & Indicators
41.69
+0.03 (+0.07%)
DCP Midstream LP / DCP TA FAQ
What is the ChartMill technical rating of DCP Midstream LP (DCP) stock?
ChartMill assigns a technical rating of 6 / 10 to DCP.
Can you provide the trend direction for DCP Midstream LP?
The current trend direction for DCP Midstream LP (DCP) is Bullish.
Can you provide the RSI signal for DCP Midstream LP?
DCP Midstream LP (DCP) has an RSI value of 63.2819. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DCP Midstream LP?
The short term momentum for DCP Midstream LP (DCP) is positive.
What is the support and resistance level for DCP stock?
DCP Midstream LP (DCP) has a support level at 41.66 and a resistance level at 41.98. Check the full technical report for our detailed analysis of DCP support and resistance levels.