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 7 out of 10. DKL has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
DKL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DKL is performing more or less in line with the market.
In the last month DKL has a been trading in the 40.10 - 44.14 range, which is quite wide. It is currently trading near the high of this range.
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 64% of all stocks.
DKL is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 67% of 213 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
DKL 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 44.03. Right above this resistance zone may be a good entry point.
More info and screens
37.44
46.65
When analyzing the support we can see 2 important areas.
- A support zone ranging from 40.07 to 40.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 37.82 to 37.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 44.03 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 | 64.16 | 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) | UP | POSITIVE | The current price of DKL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.05 | NEUTRAL | The RSI value for DKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests DKL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.03 | OVERBOUGHT | The high Stochastics value suggests DKL may be overbought. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for DKL suggests low volalility. |
| Average Directional Index/ADX (14) | 23.88 | 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 |
|---|---|---|---|
| 45.34 | 41.94 | 3.40 (7.50%) | 13.34% |
| An entry @45.34. This is a Buy Stop order right above the resistance zone. | An exit @41.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.40 points, which is 7.50%. | When investing 13.34% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
43.72
-0.04 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.09%
1 Week2.7%
2 Weeks1.82%
1 Month5.73%
3 Month0.11%
6 Month7.98%
12 Month11.93%
2 Year-19.93%
3 Year-10.23%
5 Year90.67%
10 Year-5.06%
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%1.98%
ATR Inc-14.45%
Range Today0.74
ADR(20)0.86
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.16
Mansfield0.25
10 Day High44.14
10 Day Low41.95
20 Day High44.14
20 Day Low40.1
52 Week High45.71
52 Week Low34.59
CS1 End40.34
CR1 Start44.03
Volume & EV
DER(3)-1.99%
DER(5)2.16%
Volume104.10K
Volume Incr-28.51%
Vol(5)108.08K
Vol(50)189.59K