Gaslog Partners LP (GLOP) Stock Technical Analysis
NYSE:GLOP - New York Stock Exchange, Inc. - MHY2687W1084 - Currency: USD
Taking everything into account, GLOP scores 9 out of 10 in our technical rating. GLOP has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
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. On top of that, GLOP also shows a nice and consistent pattern of rising prices.
GLOP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 94% of 213 stocks in the same industry.
GLOP 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 GLOP is lagging the market slightly.
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 has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
7.14
9.30
When analyzing the support we can see 4 important areas.
- 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.
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. |
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)
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.
8.63
-0.01 (-0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.12%
1 Week0.12%
2 Weeks0.35%
1 Month0.82%
3 Month1.89%
6 Month25.07%
12 Month67.9%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.33%
ATR Inc-45.28%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.93
Mansfield0.37
10 Day High8.65
10 Day Low8.58
20 Day High8.65
20 Day Low8.54
52 Week High9.27
52 Week Low4.7
CS1 End8.63
CR1 Start9.16
Volume & EV
DER(3)3.2%
DER(5)1.16%
Volume1.01M
Volume Incr409.07%
Vol(5)1.57M
Vol(50)430.94K