DORCHESTER MINERALS LP (DMLP) Technical Analysis
NASDAQ:DMLP • US25820R1059
Overall DMLP gets a technical rating of 8 out of 10. 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 51% 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.
DMLP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 26.33, a Stop Loss order could be placed below this zone.
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23.78
When analyzing the support we can see 2 important areas.
- A support zone ranging from 25.85 to 26.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @24.02 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 26.88 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 | 51.77 | 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) | 66.28 | NEUTRAL | The RSI value for DMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests DMLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.73 | NEUTRAL | The Stochastics value for DMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for DMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 29.4 | 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 | 25.84 | 1.22 (4.51%) | 22.18% |
| An entry @27.06. This is a Buy Stop order right above the resistance zone. | An exit @25.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.22 points, which is 4.51%. | When investing 22.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
26.81
-0.07 (-0.26%)
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 66.2816. 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 26.33 and a resistance level at 26.88. Check the full technical report for our detailed analysis of DMLP support and resistance levels.