DORCHESTER MINERALS LP (DMLP) Technical Analysis
NASDAQ:DMLP • US25820R1059
Current stock price
DMLP Technical Rating and Analysis
Taking everything into account, DMLP scores 8 out of 10 in our technical rating. 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 one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 73% 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 26.43 - 28.95 range, which is quite wide. It is currently trading near the high of this range.
- 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 51% of all stocks.
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 and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.02, a Stop Loss order could be placed below this zone.
More info and screens
DMLP Support and Resistance Analysis
27.39
When analyzing the support we notice one important area.
- A support zone ranging from 27.67 to 28.02. 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 one important area.
- A resistance zone ranging from 28.72 to 28.72. 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 | 51.82 | 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) | UP | POSITIVE | The current price of DMLP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.04 | NEUTRAL | The RSI value for DMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DMLP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 80.01 | OVERBOUGHT | The high Stochastics value suggests DMLP may be overbought. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for DMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.58 | 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 |
|---|---|---|---|
| 28.73 | 27.66 | 1.07 (3.72%) | 25.00% |
| An entry @28.73. This is a Buy Stop order right above the resistance zone. | An exit @27.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.07 points, which is 3.72%. | For a 0.93% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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
28.71
+0.5 (+1.77%)
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 63.0355. 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.