GENESIS ENERGY L.P. (GEL) Stock Technical Analysis
NYSE:GEL • US3719271047
Taking everything into account, GEL scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GEL is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that GEL is one of the better performing stocks in the market, outperforming 86% of all stocks.
- GEL is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry. GEL outperforms 81% of them.
- GEL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month GEL has a been trading in the 16.22 - 17.87 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, GEL also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.35, a Stop Loss order could be placed below this zone.
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14.78
When analyzing the support we can see 6 important areas.
- A support zone ranging from 17.06 to 17.35. 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 16.67 to 16.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.25 to 16.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.51 to 15.69. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @15.25 from a horizontal line in the daily time frame.
- Support @14.93 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.67 to 17.67. 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 | UP | POSITIVE | The short term trend for GEL is up. |
| ChartMill Relative Strength | 86.64 | POSITIVE | GEL has a high relative strength, it outperformed 86.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GEL is above 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) | 61.5 | NEUTRAL | The RSI value for GEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GEL has a positive trend. |
| Stochastics (14,3) | 74.71 | NEUTRAL | The Stochastics value for GEL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for GEL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.03 | NEGATIVE | The low ADX value for GEL 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 |
|---|---|---|---|
| 17.68 | 17.05 | 0.63 (3.56%) | 25.00% |
| An entry @17.68. This is a Buy Stop order right above the resistance zone. | An exit @17.05. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.63 points, which is 3.56%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- 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.
17.66
+0.12 (+0.68%)
GENESIS ENERGY L.P. / GEL FAQ
What is the technical rating for GEL stock?
ChartMill assigns a technical rating of 10 / 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 61.5006. 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 0.00555705, indicating a bearish trend.
What is the buy/sell signal for GEL stock?
The buy/sell signal for GENESIS ENERGY L.P. (GEL) is buy as both the short term and long term trends are positive.