GLOBAL PARTNERS LP (GLP) Technical Analysis
NYSE:GLP • US37946R1095
Current stock price
GLP Technical Rating and Analysis
Taking everything into account, GLP scores 4 out of 10 in our technical rating. In the last year, GLP was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 62% of all other stocks performed better in the past year than GLP.
- GLP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 83% of 208 stocks in the same industry do better.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- GLP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GLP is lagging the market slightly.
- In the last month GLP has a been trading in the 45.56 - 49.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
GLP Weekly and Daily overview Charts
GLP Setup Rating and Analysis
GLP has only a medium technical rating, but it does show 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 46.47, a Stop Loss order could be placed below this zone.
More info and screens
GLP Support and Resistance Analysis
40.27
3 important support areas can be observed.
- A support zone ranging from 46.32 to 46.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.01 to 42.66. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @40.68 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 46.80 to 49.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
GLP 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 | NEUTRAL | NEUTRAL | The long term trend for GLP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLP is neutral. |
| ChartMill Relative Strength | 38.55 | NEUTRAL | GLP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GLP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GLP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.82 | NEUTRAL | The RSI value for GLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests GLP has a negative trend. |
| Stochastics (14,3) | 58.82 | NEUTRAL | The Stochastics value for GLP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for GLP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.7 | NEGATIVE | The low ADX value for GLP suggests a weak or negative trend. |
GLP Chart- and CandleStick Pattern Analysis
GLP Technicals: Chart, Performance Metrics, Trend & Indicators
46.64
-1.85 (-3.82%)
GLOBAL PARTNERS LP / GLP TA FAQ
Can you provide the ChartMill technical rating for GLOBAL PARTNERS LP?
ChartMill assigns a technical rating of 4 / 10 to GLP.
What is the current trend direction of GLOBAL PARTNERS LP (GLP) stock?
The current trend direction for GLOBAL PARTNERS LP (GLP) is Bearish.
Can you provide the RSI signal for GLOBAL PARTNERS LP?
GLOBAL PARTNERS LP (GLP) has an RSI value of 44.8158. This indicates that the stock is currently neutral.
What is the support and resistance level for GLP stock?
GLOBAL PARTNERS LP (GLP) has a support level at 46.47 and a resistance level at 46.8. Check the full technical report for our detailed analysis of GLP support and resistance levels.