We assign a technical rating of 4 out of 10 to DMLP. Recently some decent action could be observed, but in the medium term time frame this is still negative. DMLP was also a bad performer in the overall market in the last year.
- 77% 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. 77% of 207 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.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- In the last month DMLP has a been trading in the 22.73 - 25.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, DMLP does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.37, a Stop Loss order could be placed below this zone.
More info and screens
21.05
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.87 to 24.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.70 to 23.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @21.26 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 25.29 to 25.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.18 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for DMLP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DMLP is neutral. |
| ChartMill Relative Strength | 23.59 | NEGATIVE | DMLP has a low relative strength, it was outperformed by 76.41% 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) | UP | POSITIVE | The current price of DMLP is above 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) | 56.17 | NEUTRAL | The RSI value for DMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests DMLP has a negative trend. |
| Stochastics (14,3) | 52.17 | NEUTRAL | The Stochastics value for DMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for DMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.4 | NEGATIVE | The low ADX value for DMLP suggests a weak or negative trend. |
24.53
+0.35 (+1.45%)
DORCHESTER MINERALS LP / DMLP FAQ
Can you provide the ChartMill technical rating for DORCHESTER MINERALS LP?
ChartMill assigns a technical rating of 4 / 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 56.1665. This indicates that the stock is currently neutral.
What is the support and resistance level for DMLP stock?
DORCHESTER MINERALS LP (DMLP) has a support level at 24.37 and a resistance level at 25.29. Check the full technical report for our detailed analysis of DMLP support and resistance levels.