DYNAGAS LNG PARTNERS LP (DLNG)       2.96  +0.04 (+1.37%)

2.96  +0.04 (+1.37%)

MHY2188B1083 - After market: 2.76 -0.2 (-6.76%)

Technical Rating

3

Taking everything into account, DLNG scores 3 out of 10 in our technical rating. DLNG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.



In the last month DLNG has a been trading in the 2.08 - 3.13 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the performance of all stocks over the past year, DLNG turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
DLNG is part of the Oil, Gas & Consumable Fuels industry. There are 387 other stocks in this industry, DLNG did better than 45% of them.
DLNG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Statistics

1 Month 3 Months 6 Months 12 Months 37.67% -0.34% -8.92% 6.21% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 65.89 2.08 - 4.49
DLNG Weekly chart
DLNG Daily chart

Support/Resistance Analysis


2.62

3.45
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 2.81 to 2.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 2.65 to 2.65. 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 3.21 to 3.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @3.42 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

5

DLNG has a poor technical rating and the quality of the setup is also not perfect 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.


DLNG Daily chart

DYNAGAS LNG PARTNERS LP2.96

NYSE:DLNG (1/27/2023, 7:04:00 PM)+0.04 (+1.37%)

After market: 2.76 -0.2 (-6.76%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels

Performance
Today 1.37% 1 Week 11.28%
2 Weeks 1.02% 1 Month 37.67%
3 Month -0.34% 6 Month -8.92%

Volatility
ATR(14) 0.15 ATR(20)% 6.58%
ATR Inc -46.83% Range Today 0.07

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 65.89 Mansfield -0.85
10 Day High 2.98 10 Day Low 2.54
20 Day High 3.13 20 Day Low 2.08
52 Week High 4.49 52 Week Low 2.08
CS1 End 2.88 CR1 Start 3.21

Volume & EV
DER(3) 15.03% DER(5) 13.58%
Volume 43.40K Volume Incr -40.72%
Vol(5) 56.90K Vol(50) 79.80K

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