21.26 USD
-0.64 (-2.92%)
21.26 USD
0 (0%)
Taking everything into account, DMLP scores 0 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, DMLP is a bad performer in the overall market: 88% of all stocks are doing better.
DMLP is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 80% are performing better than DMLP.
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 21.18 - 25.39 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of DMLP is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
21.05
35.28
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 22.80 to 22.85. 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 23.61 to 24.51. 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 @28.70 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 | 12.26 | NEGATIVE | DMLP has a low relative strength, it was outperformed by 87.74% 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) | 25.39 | OVERSOLD | The low RSI value suggests DMLP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests DMLP has a negative trend. |
| Stochastics (14,3) | 12.34 | OVERSOLD | The low Stochastics value suggests DMLP may be oversold. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for DMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 29.17 | POSITIVE | The high ADX value value for DMLP suggests a strong 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)
21.26
-0.64 (-2.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.92%
1 Week-7.69%
2 Weeks-10.48%
1 Month-14.89%
3 Month-15.52%
6 Month-20.58%
12 Month-38.04%
2 Year-27.02%
3 Year-29.72%
5 Year93.45%
10 Year60.21%
15 Year-21.81%
Volatility
ATR(14)0.75
ATR(20)%3.52%
ATR Inc34.83%
Range Today0.71
ADR(20)0.72
ADR(20)%3.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.26
3 months CRS16.42
6 months CRS12.88
Mansfield-3.25
10 Day High24.28
10 Day Low21.18
20 Day High25.39
20 Day Low21.18
52 Week High34.88
52 Week Low21.18
CS1 EndN/A
CR1 Start22.8
Volume & EV
DER(3)-10.61%
DER(5)-8.83%
Volume515.40K
Volume Incr73.84%
Vol(5)299.50K
Vol(50)142.95K
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 25.3872. This indicates that the stock is currently oversold.
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.