Gaslog Partners LP (GLOP) Technical Analysis
NYSE:GLOP • MHY2687W1084
Current stock price
GLOP Technical Rating and Analysis
Taking everything into account, GLOP scores 9 out of 10 in our technical rating. In the last year, GLOP was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GLOP did better than 91% of all other stocks. We also observe that the gains produced by GLOP over the past year are nicely spread over this period.
- GLOP is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. GLOP outperforms 77% of them.
- GLOP 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 GLOP is performing more or less in line with the market.
- In the last month GLOP has a been trading in a tight range between 8.54 and 8.65.
- Volume is considerably higher in the last couple of days.
GLOP Weekly and Daily overview Charts
GLOP Setup Rating and Analysis
Besides having an excellent technical rating, GLOP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 8.63, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GLOP in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
GLOP Support and Resistance Analysis
7.14
4 important support areas can be observed.
- A support zone ranging from 8.53 to 8.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.30 from a horizontal line in the daily time frame.
- A support zone ranging from 8.10 to 8.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.21 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.16 to 9.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
GLOP 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 GLOP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLOP is up. |
| ChartMill Relative Strength | 91.93 | POSITIVE | GLOP has a high relative strength, it outperformed 91.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLOP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLOP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLOP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.86 | NEUTRAL | The RSI value for GLOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GLOP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.22 | OVERBOUGHT | The high Stochastics value suggests GLOP may be overbought. |
| Average True Range in percent/ATR (20) | 0.33 | LOW VOLATILITY | The low ATR as a percentage value for GLOP suggests low volalility. |
| Average Directional Index/ADX (14) | 18.52 | NEGATIVE | The low ADX value for GLOP suggests a weak or negative trend. |
GLOP Chart- and CandleStick Pattern Analysis
GLOP 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 |
|---|---|---|---|
| 8.66 | 8.57 | 0.09 (1.04%) | 25.00% |
| An entry @8.66. This is a Buy Stop order right above the 10 day high. | An exit @8.57. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 1.04%. | For a 0.26% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
GLOP Technicals: Chart, Performance Metrics, Trend & Indicators
8.63
-0.01 (-0.12%)
Gaslog Partners LP / GLOP TA FAQ
What is the technical rating for GLOP stock?
ChartMill assigns a technical rating of 8 / 10 to GLOP.
What is the current trend direction of Gaslog Partners LP (GLOP) stock?
The current trend direction for Gaslog Partners LP (GLOP) is Bullish.
What is the RSI signal for GLOP stock?
Gaslog Partners LP (GLOP) has an RSI value of 64.8608. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for Gaslog Partners LP?
The buy/sell signal for Gaslog Partners LP (GLOP) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for Gaslog Partners LP?
Gaslog Partners LP (GLOP) has a support level at 8.63 and a resistance level at 9.16. Check the full technical report for our detailed analysis of GLOP support and resistance levels.