DORCHESTER MINERALS LP (DMLP) Stock Technical Analysis
NASDAQ:DMLP • US25820R1059
Taking everything into account, DMLP scores 6 out of 10 in our technical rating. DMLP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, DMLP is a bad performer in the overall market: 65% of all stocks are doing better.
- DMLP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 72% of 206 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month DMLP has a been trading in the 23.73 - 25.91 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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 25.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.42, a Stop Loss order could be placed below this zone.
More info and screens
21.43
3 important support areas can be observed.
- A support zone ranging from 25.13 to 25.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @23.03 from a trend line 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.
We found 1 important resistance area.
- A resistance zone ranging from 25.49 to 25.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for DMLP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DMLP is up. |
| ChartMill Relative Strength | 35.8 | NEUTRAL | DMLP is not amongst the best or worst performers 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 | MIXED | The current price of DMLP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.25 | NEUTRAL | The RSI value for DMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DMLP has a negative trend. |
| Stochastics (14,3) | 77.68 | NEUTRAL | The Stochastics value for DMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for DMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 16.98 | NEGATIVE | The low ADX value for DMLP suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.92 | 25.12 | 0.80 (3.09%) | 25.00% |
| An entry @25.92. This is a Buy Stop order right above the resistance zone. | An exit @25.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.80 points, which is 3.09%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DMLP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
25.47
+0.03 (+0.12%)
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 Bullish.
Can you provide the RSI signal for DORCHESTER MINERALS LP?
DORCHESTER MINERALS LP (DMLP) has an RSI value of 59.2455. 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 buy as both the short term and long term trends are positive.
What is the support and resistance level for DMLP stock?
DORCHESTER MINERALS LP (DMLP) has a support level at 25.42 and a resistance level at 25.49. Check the full technical report for our detailed analysis of DMLP support and resistance levels.