Taking everything into account, DMLP scores 2 out of 10 in our technical rating. In the past year, DMLP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 84% of all other stocks performed better in the past year than DMLP.
- DMLP is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, of which 74% are performing better than DMLP.
- 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 21.64 - 23.93 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Although the technical rating is bad, DMLP does present a nice setup opportunity. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.05
We found 3 important support areas.
- A support zone ranging from 23.08 to 23.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.48 to 22.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 21.26 to 21.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 23.32 to 23.32. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 23.73 to 23.81. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for DMLP is up. |
| ChartMill Relative Strength | 16.28 | NEGATIVE | DMLP has a low relative strength, it was outperformed by 83.72% off all stocks 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) | DOWN | MIXED | The current price of DMLP is above 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) | 56.64 | NEUTRAL | The RSI value for DMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests DMLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.57 | OVERBOUGHT | The high Stochastics value suggests DMLP may be overbought. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for DMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.38 | NEGATIVE | The low ADX value for DMLP suggests a weak or negative trend. |
23.18
-0.13 (-0.56%)
DORCHESTER MINERALS LP / DMLP FAQ
Can you provide the ChartMill technical rating for DORCHESTER MINERALS LP?
ChartMill assigns a technical rating of 2 / 10 to DMLP.
What is the trend direction for DMLP stock?
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 56.6434. 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 hold as the short term and long term trends are mixed.
What is the support and resistance level for DMLP stock?
DORCHESTER MINERALS LP (DMLP) has a support level at 23.09 and a resistance level at 23.32. Check the full technical report for our detailed analysis of DMLP support and resistance levels.