DORCHESTER MINERALS LP (DMLP) Stock Technical Analysis
NASDAQ:DMLP - Nasdaq - US25820R1059 - Currency: USD
We assign a technical rating of 0 out of 10 to DMLP. DMLP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
85% of all other stocks performed better in the past year than DMLP.
DMLP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 75% of 211 stocks in the same industry do better.
DMLP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month DMLP has a been trading in the 26.84 - 28.50 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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, DMLP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 27.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.79, a Stop Loss order could be placed below this zone.
More info and screens
26.50
35.28
When analyzing the support we notice one important area.
- A support zone ranging from 26.77 to 26.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 27.64 to 28.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.70 from a horizontal line in the daily time frame.
- A resistance zone ranging from 29.82 to 30.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for DMLP is neutral. |
| ChartMill Relative Strength | 15.49 | NEGATIVE | DMLP has a low relative strength, it was outperformed by 84.51% 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) | 47.58 | NEUTRAL | The RSI value for DMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests DMLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.53 | NEUTRAL | The Stochastics value for DMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for DMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 12.89 | 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)
27.54
-0.07 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.27%
1 Week-1.43%
2 Weeks1.03%
1 Month-2.17%
3 Month-2.17%
6 Month-18.47%
12 Month-14.31%
2 Year-10.21%
3 Year-4.37%
5 Year152.66%
10 Year61.34%
15 Year6%
Volatility
ATR(14)0.6
ATR(20)%2.09%
ATR Inc-39.12%
Range Today0.39
ADR(20)0.56
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.49
Mansfield-1.68
10 Day High28.13
10 Day Low27.1
20 Day High28.5
20 Day Low26.84
52 Week High34.88
52 Week Low25.84
CS1 End26.79
CR1 Start27.64
Volume & EV
DER(3)-5.09%
DER(5)-3.2%
Volume85.90K
Volume Incr-36.58%
Vol(5)55.32K
Vol(50)102.14K