DORCHESTER MINERALS LP (DMLP) Technical Analysis
NASDAQ:DMLP • US25820R1059
Current stock price
DMLP Technical Rating and Analysis
Taking everything into account, DMLP scores 7 out of 10 in our technical rating. 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 one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 80% of 209 stocks in the same industry do better.
- 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 however is currently trading near a new high, so DMLP is lagging the market slightly.
- In the last month DMLP has a been trading in the 27.00 - 28.95 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.
- When compared to the yearly performance of all other stocks, DMLP outperforms 43% of them, which is more or less in line with the market.
DMLP Weekly and Daily overview Charts
DMLP Setup Rating and Analysis
DMLP has an excellent technical rating and also presents a decent setup pattern. 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 support zone below the current price at 27.67, a Stop Loss order could be placed below this zone.
More info and screens
DMLP Support and Resistance Analysis
26.70
When analyzing the support we notice one important area.
- A support zone ranging from 26.97 to 27.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 28.07 to 28.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.71 from a horizontal line in the daily time frame.
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 | 43.26 | NEUTRAL | DMLP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DMLP is below a declining 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) | UP | POSITIVE | The current price of DMLP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.03 | NEUTRAL | The RSI value for DMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests DMLP has a negative trend. |
| Stochastics (14,3) | 37.22 | NEUTRAL | The Stochastics value for DMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for DMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 16.09 | NEGATIVE | The low ADX value for DMLP suggests a weak or negative trend. |
DMLP Chart- and CandleStick Pattern Analysis
DMLP Example Setup
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 |
|---|---|---|---|
| 28.26 | 27.44 | 0.82 (2.90%) | 25.00% |
| An entry @28.26. This is a Buy Stop order right above the resistance zone. | An exit @27.44. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.82 points, which is 2.90%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- 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
27.97
-0.01 (-0.04%)
DORCHESTER MINERALS LP / DMLP TA FAQ
Can you provide the ChartMill technical rating for DORCHESTER MINERALS LP?
ChartMill assigns a technical rating of 7 / 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 52.0259. 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.