DORCHESTER MINERALS LP (DMLP) Technical Analysis
NASDAQ:DMLP • US25820R1059
Current stock price
27.1 USD
-0.78 (-2.8%)
At close:
27.35 USD
+0.25 (+0.92%)
Pre-Market:
DMLP Technical Rating and Analysis
Overall DMLP gets a technical rating of 8 out of 10. Although DMLP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- DMLP is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 80% are performing better than DMLP.
- Both the short term and long term trends are positive. This is a very positive sign.
- DMLP 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 DMLP is performing more or less in line with the market.
- When comparing the performance of all stocks over the past year, DMLP turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
- In the last month DMLP has a been trading in the 26.10 - 28.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DMLP Weekly and Daily overview Charts
DMLP Setup Rating and Analysis
Besides having an excellent technical rating, DMLP also presents a decent setup pattern. Prices have been consolidating lately. 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
DMLP Support and Resistance Analysis
26.82
28.33
We found 1 important support area.
- A support zone ranging from 27.09 to 27.09. 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 27.21 to 27.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 28.05 to 28.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
DMLP Technical Indicator Signal Analysis
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 DMLP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DMLP is up. |
| ChartMill Relative Strength | 52.16 | NEUTRAL | DMLP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DMLP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DMLP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DMLP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.03 | NEUTRAL | The RSI value for DMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests DMLP has a negative trend. |
| Stochastics (14,3) | 65.44 | NEUTRAL | The Stochastics value for DMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for DMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 39.35 | POSITIVE | The high ADX value value for DMLP suggests a strong trend. |
DMLP Chart- and CandleStick Pattern Analysis
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)
DMLP Technicals: Chart, Performance Metrics, Trend & Indicators
27.1
-0.78 (-2.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.8%
1 Week-2.17%
2 Weeks0.18%
1 Month1.23%
3 Month16.56%
6 Month6.86%
12 Month-3.66%
2 Year-19.63%
3 Year-10.53%
5 Year98.39%
10 Year137.93%
15 Year-7.32%
Volatility
ATR(14)0.61
ATR(20)%2.43%
ATR Inc23.92%
Range Today0.97
ADR(20)0.64
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.16
3 months CRS89.81
6 months CRS78.15
Mansfield0.31
10 Day High28.33
10 Day Low26.94
20 Day High28.33
20 Day Low26.1
52 Week High29.95
52 Week Low20.85
CS1 End27.09
CR1 Start27.21
Volume & EV
DER(3)-2.35%
DER(5)-2.2%
Volume178.20K
Volume Incr10.12%
Vol(5)198.06K
Vol(50)184.95K
DORCHESTER MINERALS LP / DMLP TA FAQ
Can you provide the ChartMill technical rating for DORCHESTER MINERALS LP?
ChartMill assigns a technical rating of 8 / 10 to DMLP.
What is the trend direction for DMLP stock?
The current trend direction for DORCHESTER MINERALS LP (DMLP) is Bullish.
What is the RSI signal for DMLP stock?
DORCHESTER MINERALS LP (DMLP) has an RSI value of 53.027. This indicates that the stock is currently neutral.
What is the short term momentum for DMLP stock?
The short term momentum for DORCHESTER MINERALS LP (DMLP) is positive.
Can you provide the buy/sell signal for DORCHESTER MINERALS LP?
The buy/sell signal for DORCHESTER MINERALS LP (DMLP) is buy as both the short term and long term trends are positive.