DORCHESTER MINERALS LP (DMLP) Stock Technical Analysis
NASDAQ:DMLP - Nasdaq - US25820R1059 - Currency: USD
Taking everything into account, DMLP scores 0 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, DMLP is a bad performer in the overall market: 79% of all stocks are doing better.
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 26.75 - 29.95 range, which is quite wide. It is currently trading near the lows of this range.
DMLP is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 44% of 213 stocks in the same industry.
Volume is considerably higher in the last couple of days.
DMLP has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
26.49
35.28
We found 1 important support area.
- A support zone ranging from 26.76 to 26.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @26.79 from a horizontal line in the daily time frame.
- A resistance zone ranging from 28.64 to 28.88. 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 | DOWN | NEGATIVE | The short term trend for DMLP is down. |
| ChartMill Relative Strength | 21.66 | NEGATIVE | DMLP has a low relative strength, it was outperformed by 78.34% 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) | 34.81 | NEUTRAL | The RSI value for DMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests DMLP has a negative trend. |
| Stochastics (14,3) | 12.29 | OVERSOLD | The low Stochastics value suggests DMLP may be oversold. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for DMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.25 | 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)
26.77
-0.69 (-2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.51%
1 Week-4.43%
2 Weeks-5.47%
1 Month-6.95%
3 Month-11.97%
6 Month-21.98%
12 Month-18.85%
2 Year-7.27%
3 Year-13.34%
5 Year129.39%
10 Year18.09%
15 Year2.18%
Volatility
ATR(14)0.68
ATR(20)%3.01%
ATR Inc-5.65%
Range Today0.72
ADR(20)0.74
ADR(20)%2.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.66
Mansfield-1.65
10 Day High28.75
10 Day Low26.75
20 Day High29.95
20 Day Low26.75
52 Week High34.88
52 Week Low25.84
CS1 End26.76
CR1 Start26.79
Volume & EV
DER(3)-0.66%
DER(5)0.19%
Volume651.85K
Volume Incr176.21%
Vol(5)246.71K
Vol(50)108.36K