22.19 USD
+0.08 (+0.36%)
22.3 USD
+0.11 (+0.5%)
Overall DMLP gets a technical rating of 0 out of 10. DMLP 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 negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, DMLP is a bad performer in the overall market: 86% of all stocks are doing better.
DMLP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 78% of 210 stocks in the same industry do better.
DMLP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month DMLP has a been trading in the 20.85 - 23.42 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, DMLP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
21.05
35.28
When analyzing the support we notice one important area.
- Support @21.26 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 22.25 to 22.52. 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 22.99 to 23.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.75 from a horizontal line in the daily time frame.
- Resistance @34.93 from a horizontal line in the weekly 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 DMLP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DMLP is down. |
| ChartMill Relative Strength | 14.64 | NEGATIVE | DMLP has a low relative strength, it was outperformed by 85.36% off all stocks 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) | DOWN | NEGATIVE | The current price of DMLP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DMLP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.86 | NEUTRAL | The RSI value for DMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests DMLP has a positive trend. |
| Stochastics (14,3) | 43.65 | NEUTRAL | The Stochastics value for DMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for DMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 18.59 | NEGATIVE | The low ADX value for DMLP 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)
22.19
+0.08 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.36%
1 Week-2.16%
2 Weeks-3.48%
1 Month-2.42%
3 Month-12.29%
6 Month-19.98%
12 Month-30.7%
2 Year-30.29%
3 Year-25.86%
5 Year103.39%
10 Year124.37%
15 Year-19.22%
Volatility
ATR(14)0.63
ATR(20)%3.18%
ATR Inc-45.66%
Range Today0.31
ADR(20)0.7
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.64
3 months CRS20.86
6 months CRS13.77
Mansfield-2.78
10 Day High23.3
10 Day Low21.37
20 Day High23.42
20 Day Low20.85
52 Week High34.88
52 Week Low20.85
CS1 End21.26
CR1 Start22.25
Volume & EV
DER(3)1.43%
DER(5)-0.61%
Volume320.10K
Volume Incr-0.38%
Vol(5)221.80K
Vol(50)189.87K
DORCHESTER MINERALS LP / DMLP FAQ
Can you provide the ChartMill technical rating for DORCHESTER MINERALS LP?
ChartMill assigns a technical rating of 0 / 10 to DMLP.
Can you provide the trend direction for DORCHESTER MINERALS LP?
The current trend direction for DORCHESTER MINERALS LP (DMLP) is Bearish.
Can you provide the RSI signal for DORCHESTER MINERALS LP?
DORCHESTER MINERALS LP (DMLP) has an RSI value of 44.859. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DORCHESTER MINERALS LP?
The short term momentum for DORCHESTER MINERALS LP (DMLP) is negative.
What is the buy/sell signal for DORCHESTER MINERALS LP (DMLP) stock?
The buy/sell signal for DORCHESTER MINERALS LP (DMLP) is sell as both the short term and long term trends are negative.