GENESIS ENERGY L.P. (GEL) Technical Analysis
NYSE:GEL • US3719271047
Current stock price
GEL Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to GEL. Both in the recent history as in the last year, GEL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, GEL did better than 84% of all other stocks.
- GEL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GEL is performing more or less in line with the market.
- GEL is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, GEL did better than 51% of them.
- In the last month GEL has a been trading in the 17.15 - 18.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GEL Weekly and Daily overview Charts
GEL Setup Rating and Analysis
GEL has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 17.48, a Stop Loss order could be placed below this zone.
More info and screens
GEL Support and Resistance Analysis
14.78
When analyzing the support we can see 5 important areas.
- Support @17.48 from a horizontal line in the daily time frame.
- A support zone ranging from 16.56 to 16.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.51 to 15.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.25 from a horizontal line in the daily time frame.
- Support @14.93 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 17.90 to 18.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.49 from a horizontal line in the daily time frame.
GEL Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for GEL is neutral. |
| ChartMill Relative Strength | 84.96 | POSITIVE | GEL has a high relative strength, it outperformed 84.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GEL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GEL is above 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) | 51.48 | NEUTRAL | The RSI value for GEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests GEL has a negative trend. |
| Stochastics (14,3) | 33.6 | NEUTRAL | The Stochastics value for GEL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for GEL suggests some volalility. |
| Average Directional Index/ADX (14) | 12.14 | NEGATIVE | The low ADX value for GEL suggests a weak or negative trend. |
GEL Chart- and CandleStick Pattern Analysis
GEL Example Setup
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 |
|---|---|---|---|
| 18.10 | 17.59 | 0.51 (2.82%) | 25.00% |
| An entry @18.10. This is a Buy Stop order right above the resistance zone. | An exit @17.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.51 points, which is 2.82%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- The distance between exit and entry is rather small compared to the average daily movement of GEL. 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.
GEL Technicals: Chart, Performance Metrics, Trend & Indicators
17.75
-0.1 (-0.56%)
GENESIS ENERGY L.P. / GEL TA FAQ
What is the technical rating for GEL stock?
ChartMill assigns a technical rating of 9 / 10 to GEL.
What is the trend direction for GEL stock?
The current trend direction for GENESIS ENERGY L.P. (GEL) is Bullish.
Can you provide the RSI signal for GENESIS ENERGY L.P.?
GENESIS ENERGY L.P. (GEL) has an RSI value of 51.4771. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GENESIS ENERGY L.P.?
The MACD indicator for GENESIS ENERGY L.P. (GEL) has a value of -0.0806303, indicating a bearish trend.