Taking everything into account, DMLP scores 6 out of 10 in our technical rating. In the last year, DMLP was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 78% of all other stocks performed better in the past year than DMLP.
- DMLP is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 74% are performing better than DMLP.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month DMLP has a been trading in the 22.07 - 25.83 range, which is quite wide. It is currently trading near the high of this range.
- DMLP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DMLP is lagging the market.
DMLP has an average technical rating and it also does not offer a high quality setup 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
21.43
We found 2 important support areas.
- A support zone ranging from 22.55 to 22.90. 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 21.65 to 21.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 25.42 to 25.42. 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 | NEUTRAL | NEUTRAL | The long term trend for DMLP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DMLP is up. |
| ChartMill Relative Strength | 22.83 | NEGATIVE | DMLP has a low relative strength, it was outperformed by 77.17% 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) | 73.81 | OVERBOUGHT | The high RSI value suggests DMLP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests DMLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.36 | OVERBOUGHT | The high Stochastics value suggests DMLP may be overbought. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for DMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 25.01 | POSITIVE | The high ADX value value for DMLP suggests a strong trend. |
25.41
+0.01 (+0.04%)
DORCHESTER MINERALS LP / DMLP FAQ
Can you provide the ChartMill technical rating for DORCHESTER MINERALS LP?
ChartMill assigns a technical rating of 6 / 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 73.8069. This indicates that the stock is currently overbought.
What is the support and resistance level for DMLP stock?
DORCHESTER MINERALS LP (DMLP) has a support level at 22.9 and a resistance level at 25.42. Check the full technical report for our detailed analysis of DMLP support and resistance levels.