DELEK LOGISTICS PARTNERS LP (DKL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DKL - US24664T1034
Taking everything into account, DKL scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although the technical rating is only medium, DKL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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 45.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.88, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DKL 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.
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2 important support areas can be observed.
- A support zone ranging from 43.85 to 44.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.07 to 42.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.02 to 46.38. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for DKL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DKL is neutral. |
| ChartMill Relative Strength | 72.52 | POSITIVE | DKL has a high relative strength, it outperformed 72.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DKL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DKL is above a declining 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) | 50.34 | NEUTRAL | The RSI value for DKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests DKL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.32 | NEUTRAL | The Stochastics value for DKL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for DKL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.59 | NEGATIVE | The low ADX value for DKL suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 46.39 | 43.84 | 2.55 (5.50%) | 18.19% |
| An entry @46.39. This is a Buy Stop order right above the resistance zone. | An exit @43.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.55 points, which is 5.50%. | For a 1.00% total portfolio risk, you can invest 18.19% of your capital in this trade. |
- 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.
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+0.09 (+0.2%)
DELEK LOGISTICS PARTNERS LP / DKL FAQ
What is the ChartMill technical rating of DELEK LOGISTICS PARTNERS LP (DKL) stock?
ChartMill assigns a technical rating of 6 / 10 to DKL.
Can you provide the trend direction for DELEK LOGISTICS PARTNERS LP?
The current trend direction for DELEK LOGISTICS PARTNERS LP (DKL) is Bullish.
What is the RSI signal for DKL stock?
DELEK LOGISTICS PARTNERS LP (DKL) has an RSI value of 50.3357. This indicates that the stock is currently neutral.
What is the MACD signal for DELEK LOGISTICS PARTNERS LP (DKL) stock?
The MACD indicator for DELEK LOGISTICS PARTNERS LP (DKL) has a value of -0.0651086, indicating a bearish trend.