DELEK LOGISTICS PARTNERS LP (DKL) Stock Technical Analysis
NYSE:DKL - New York Stock Exchange, Inc. - US24664T1034 - Currency: USD
Overall DKL gets a technical rating of 8 out of 10. Although DKL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
DKL is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 73% of 210 stocks in the same industry.
DKL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DKL is lagging the market slightly.
In the last month DKL has a been trading in the 42.05 - 44.81 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, DKL turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
DKL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 44.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 42.95, a Stop Loss order could be placed below this zone.
More info and screens
39.94
46.65
When analyzing the support we can see 2 important areas.
- A support zone ranging from 42.35 to 42.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.34 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 44.19 to 44.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 45.32 to 45.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @46.19 from a horizontal 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 DKL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DKL is up. |
| ChartMill Relative Strength | 61.35 | NEUTRAL | DKL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DKL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DKL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DKL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.51 | NEUTRAL | The RSI value for DKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests DKL has a negative trend. |
| Stochastics (14,3) | 43.06 | NEUTRAL | The Stochastics value for DKL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for DKL suggests low volalility. |
| Average Directional Index/ADX (14) | 25 | NEUTRAL | The ADX value for DKL 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)
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 |
|---|---|---|---|
| 44.38 | 43.54 | 0.84 (1.89%) | 25.00% |
| An entry @44.38. This is a Buy Stop order right above the resistance zone. | An exit @43.54. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.84 points, which is 1.89%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.47%. |
- The distance between exit and entry is rather small compared to the average daily movement of DKL. 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.
44
+0.02 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.05%
1 Week-1.06%
2 Weeks-0.92%
1 Month2.59%
3 Month13.55%
6 Month-0.43%
12 Month6.77%
2 Year-7.6%
3 Year-20.2%
5 Year51.2%
10 Year3.7%
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%1.79%
ATR Inc11.6%
Range Today0.57
ADR(20)0.79
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.35
Mansfield-0.28
10 Day High44.81
10 Day Low43.55
20 Day High44.81
20 Day Low42.05
52 Week High45.71
52 Week Low34.59
CS1 End42.95
CR1 Start44.19
Volume & EV
DER(3)-1.9%
DER(5)-0.95%
Volume31.10K
Volume Incr-8.03%
Vol(5)65.90K
Vol(50)100.33K