DORCHESTER MINERALS LP (DMLP) Technical Analysis
NASDAQ:DMLP • US25820R1059
We assign a technical rating of 8 out of 10 to DMLP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DMLP is only an average performer.
- DMLP is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 73% are performing better than DMLP.
- Both the short term and long term trends are positive. This is a very positive sign.
- DMLP 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, DMLP outperforms 57% of them, which is more or less in line with the market.
- DMLP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DMLP is lagging the market slightly.
Besides having an excellent technical rating, DMLP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 26.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.80, a Stop Loss order could be placed below this zone.
More info and screens
24.28
2 important support areas can be observed.
- A support zone ranging from 26.11 to 26.80. 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 24.53 to 25.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 26.98 to 27.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.70 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 | 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 | 57.94 | NEUTRAL | DMLP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DMLP is above 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) | 63.09 | NEUTRAL | The RSI value for DMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DMLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.69 | NEUTRAL | The Stochastics value for DMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for DMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 31.3 | POSITIVE | The high ADX value value for DMLP suggests a strong 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 |
|---|---|---|---|
| 27.06 | 26.09 | 0.97 (3.58%) | 25.00% |
| An entry @27.06. This is a Buy Stop order right above the resistance zone. | An exit @26.09. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.97 points, which is 3.58%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.90%. |
- The distance between exit and entry is rather small compared to the average daily movement of DMLP. Please evaluate whether better entry and exit points can be found.
- 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.
DMLP Technicals: Chart, Performance Metrics, Trend & Indicators
26.97
-0.05 (-0.19%)
DORCHESTER MINERALS LP / DMLP 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.
Can you provide the RSI signal for DORCHESTER MINERALS LP?
DORCHESTER MINERALS LP (DMLP) has an RSI value of 63.0875. This indicates that the stock is currently neutral.
What is the buy/sell signal for DMLP stock?
The buy/sell signal for DORCHESTER MINERALS LP (DMLP) is buy as both the short term and long term trends are positive.
What is the support and resistance level for DMLP stock?
DORCHESTER MINERALS LP (DMLP) has a support level at 26.8 and a resistance level at 26.98. Check the full technical report for our detailed analysis of DMLP support and resistance levels.