GENESIS ENERGY L.P. (GEL) Stock Technical Analysis
USA - NYSE:GEL - US3719271047
Overall GEL gets a technical rating of 3 out of 10. Although GEL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, GEL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GEL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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14.78
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.04 to 16.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.26 to 15.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.93 to 14.93. 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 16.60 to 16.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for GEL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GEL is neutral. |
| ChartMill Relative Strength | 78.77 | POSITIVE | GEL has a high relative strength, it outperformed 78.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GEL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GEL is below a declining 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) | 54.71 | NEUTRAL | The RSI value for GEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests GEL has a positive trend. |
| Stochastics (14,3) | 80.15 | OVERBOUGHT | The high Stochastics value suggests GEL may be overbought. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for GEL suggests some volalility. |
| Average Directional Index/ADX (14) | 30.04 | POSITIVE | The high ADX value value for GEL suggests a strong trend. |
16.18
+0.56 (+3.59%)
GENESIS ENERGY L.P. / GEL FAQ
What is the technical rating for GEL stock?
ChartMill assigns a technical rating of 3 / 10 to GEL.
Can you provide the trend direction for GENESIS ENERGY L.P.?
The current trend direction for GENESIS ENERGY L.P. (GEL) is Bearish.
Can you provide the RSI signal for GENESIS ENERGY L.P.?
GENESIS ENERGY L.P. (GEL) has an RSI value of 54.714. This indicates that the stock is currently neutral.
What is the short term momentum for GENESIS ENERGY L.P. (GEL) stock?
The short term momentum for GENESIS ENERGY L.P. (GEL) is neutral.