GENESIS ENERGY L.P. (GEL) Stock Technical Analysis
NYSE:GEL - New York Stock Exchange, Inc. - US3719271047 - Currency: USD
Overall GEL gets a technical rating of 5 out of 10. In the last year, GEL was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month GEL has a been trading in the 15.84 - 17.59 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
GEL is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry. GEL outperforms 74% of them.
GEL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GEL is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When compared to the yearly performance of all other stocks, GEL outperforms 64% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
GEL 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
9.80
17.65
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.83 to 15.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.90 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 15.87 to 16.08. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 17.47 to 17.48. 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 GEL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GEL is down. |
| ChartMill Relative Strength | 64.68 | NEUTRAL | GEL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GEL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GEL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GEL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.93 | NEUTRAL | The RSI value for GEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests GEL has a negative trend. |
| Stochastics (14,3) | 2.17 | OVERSOLD | The low Stochastics value suggests GEL may be oversold. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for GEL suggests some volalility. |
| Average Directional Index/ADX (14) | 24.97 | NEUTRAL | The ADX value for GEL suggests a possible start of a new 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)
15.84
-0.27 (-1.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.68%
1 Week-6.55%
2 Weeks-7.26%
1 Month-8.17%
3 Month12.1%
6 Month49.72%
12 Month11.08%
2 Year61.8%
3 Year58.56%
5 Year137.48%
10 Year-64.32%
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%2.72%
ATR Inc1.62%
Range Today0.42
ADR(20)0.43
ADR(20)%2.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.68
Mansfield0.78
10 Day High17.31
10 Day Low15.84
20 Day High17.59
20 Day Low15.84
52 Week High17.59
52 Week Low9.86
CS1 End15.83
CR1 Start15.87
Volume & EV
DER(3)-2.03%
DER(5)-2.69%
Volume343.10K
Volume Incr-47.04%
Vol(5)314.44K
Vol(50)500.64K