DORCHESTER MINERALS LP (DMLP) Stock Technical Analysis
NASDAQ:DMLP - Nasdaq - US25820R1059 - Currency: USD
Overall DMLP gets a technical rating of 1 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
77% of all other stocks performed better in the past year than DMLP.
DMLP is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, of which 64% are performing better than DMLP.
DMLP is currently trading in the lower part 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.
In the last month DMLP has a been trading in the 26.69 - 28.75 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.
DMLP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 27.86 to 28.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 23.37 | NEGATIVE | DMLP has a low relative strength, it was outperformed by 76.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DMLP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DMLP is below the rising 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) | 47.54 | 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) | 61.23 | NEUTRAL | The Stochastics value for DMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for DMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 11.58 | 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)
NASDAQ:DMLP (6/20/2025, 8:00:02 PM)
27.73
-0.18 (-0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.63%
1 Week-2.05%
2 Weeks2.1%
1 Month-1.58%
3 Month-7.93%
6 Month-13.4%
12 Month-10.26%
2 Year-7.44%
3 Year16.27%
5 Year116.98%
10 Year29.64%
15 Year8.62%
Volatility
ATR(14)0.56
ATR(20)%2.24%
ATR Inc-31%
Range Today0.47
ADR(20)0.61
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.37
Mansfield-1.33
10 Day High28.5
10 Day Low27.1
20 Day High28.75
20 Day Low26.69
52 Week High34.88
52 Week Low25.84
CS1 End26.79
CR1 Start27.86
Volume & EV
DER(3)0.1%
DER(5)-2.52%
Volume95.60K
Volume Incr0.03%
Vol(5)119.22K
Vol(50)104.04K