DELEK LOGISTICS PARTNERS LP (DKL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DKL - US24664T1034
We assign a technical rating of 8 out of 10 to DKL. 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.
- The long and short term trends are both positive. This is looking good!
- DKL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- DKL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When compared to the yearly performance of all other stocks, DKL outperforms 66% of them, which is more or less in line with the market.
- DKL is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, DKL did better than 62% of them.
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. 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 48.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.16, a Stop Loss order could be placed below this zone.
More info and screens
41.65
3 important support areas can be observed.
- A support zone ranging from 44.99 to 46.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.76 to 44.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 48.31 to 48.69. 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 | 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 | 66.16 | 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) | 59.12 | NEUTRAL | The RSI value for DKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests DKL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.12 | OVERBOUGHT | The high Stochastics value suggests DKL may be overbought. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for DKL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.25 | NEUTRAL | The ADX value for DKL suggests a possible start of a new 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 |
|---|---|---|---|
| 48.70 | 46.51 | 2.19 (4.50%) | 22.24% |
| An entry @48.70. This is a Buy Stop order right above the resistance zone. | An exit @46.51. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.19 points, which is 4.50%. | When investing 22.24% 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.
48.3
+0.21 (+0.44%)
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 8 / 10 to DKL.
What is the current trend direction of DELEK LOGISTICS PARTNERS LP (DKL) stock?
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 59.1192. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for DELEK LOGISTICS PARTNERS LP?
The buy/sell signal for DELEK LOGISTICS PARTNERS LP (DKL) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for DELEK LOGISTICS PARTNERS LP?
DELEK LOGISTICS PARTNERS LP (DKL) has a support level at 46.16 and a resistance level at 48.31. Check the full technical report for our detailed analysis of DKL support and resistance levels.