DYNAGAS LNG PARTNERS LP (DLNG) Stock Technical Analysis
NYSE:DLNG - MHY2188B1083
3.61 USD
+0.03 (+0.84%)
3.64 USD
+0.03 (+0.83%)
We assign a technical rating of 2 out of 10 to DLNG. DLNG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
75% of all other stocks performed better in the past year than DLNG.
DLNG is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 63% of 208 stocks in the same industry do better.
DLNG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month DLNG has a been trading in the 3.48 - 3.80 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.
Although the technical rating is bad, DLNG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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 3.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.60, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.27
3.90
3 important support areas can be observed.
- A support zone ranging from 3.59 to 3.60. 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 3.50 to 3.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.30 to 3.35. 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 3.61 to 3.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.86 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for DLNG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DLNG is neutral. |
| ChartMill Relative Strength | 25.07 | NEGATIVE | DLNG has a low relative strength, it was outperformed by 74.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DLNG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DLNG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DLNG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.57 | NEUTRAL | The RSI value for DLNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DLNG has a positive trend. |
| Stochastics (14,3) | 51.85 | NEUTRAL | The Stochastics value for DLNG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for DLNG suggests some volalility. |
| Average Directional Index/ADX (14) | 10.96 | NEGATIVE | The low ADX value for DLNG suggests a weak or negative 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)
3.61
+0.03 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.84%
1 Week-1.37%
2 Weeks1.98%
1 Month2.85%
3 Month-1.9%
6 Month-9.75%
12 Month-3.73%
2 Year33.7%
3 Year-6.72%
5 Year33.7%
10 Year-74.68%
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%2.5%
ATR Inc-41.15%
Range Today0.05
ADR(20)0.09
ADR(20)%2.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.07
Mansfield-1.73
10 Day High3.68
10 Day Low3.48
20 Day High3.8
20 Day Low3.48
52 Week High5.65
52 Week Low3.18
CS1 End3.6
CR1 Start3.61
Volume & EV
DER(3)0.82%
DER(5)2.1%
Volume37.40K
Volume Incr1.28%
Vol(5)35.70K
Vol(50)34.71K