GLOBAL PARTNERS LP (GLP) Technical Analysis
NYSE:GLP • US37946R1095
Current stock price
GLP Technical Rating and Analysis
Taking everything into account, GLP scores 0 out of 10 in our technical rating. GLP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, GLP is a bad performer in the overall market: 68% of all stocks are doing better.
- GLP is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 84% are performing better than GLP.
- GLP is currently trading in the lower part 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.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- In the last month GLP has a been trading in the 40.83 - 49.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GLP Weekly and Daily overview Charts
GLP Setup Rating and Analysis
The technical rating of GLP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
GLP Support and Resistance Analysis
40.27
When analyzing the support we can see 3 important areas.
- Support @42.73 from a trend line in the weekly time frame.
- Support @42.01 from a horizontal line in the weekly time frame.
- Support @40.68 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.84 to 49.05. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for GLP is down. |
| ChartMill Relative Strength | 32.48 | 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) | DOWN | NEGATIVE | The current price of GLP is below a declining 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) | 45.17 | NEUTRAL | The RSI value for GLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests GLP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.94 | NEUTRAL | The Stochastics value for GLP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for GLP suggests some volalility. |
| Average Directional Index/ADX (14) | 32.42 | POSITIVE | The high ADX value value for GLP suggests a strong trend. |
GLP Chart- and CandleStick Pattern Analysis
GLP Technicals: Chart, Performance Metrics, Trend & Indicators
45
+1.12 (+2.55%)
GLOBAL PARTNERS LP / GLP TA FAQ
Can you provide the ChartMill technical rating for GLOBAL PARTNERS LP?
ChartMill assigns a technical rating of 0 / 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.
What is the RSI signal for GLP stock?
GLOBAL PARTNERS LP (GLP) has an RSI value of 45.1673. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GLOBAL PARTNERS LP?
The short term momentum for GLOBAL PARTNERS LP (GLP) is negative.