GLOBAL PARTNERS LP (GLP) Stock Technical Analysis
NYSE:GLP - New York Stock Exchange, Inc. - US37946R1095 - Currency: USD
Overall GLP gets a technical rating of 7 out of 10. In the last year, GLP was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
GLP is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. GLP outperforms 74% of them.
GLP 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 GLP is performing more or less in line with the market.
In the last month GLP has a been trading in the 46.56 - 54.98 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, GLP outperforms 62% of them, which is more or less in line with the market.
Besides having an excellent technical rating, GLP also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for GLP in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
44.20
55.64
When analyzing the support we can see 5 important areas.
- A support zone ranging from 50.82 to 51.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.11 from a trend line in the weekly time frame.
- A support zone ranging from 47.99 to 48.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 46.00 to 46.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @44.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @53.76 from a trend line in the daily time frame.
- Resistance @55.09 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for GLP is up. |
| ChartMill Relative Strength | 62.48 | NEUTRAL | GLP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.13 | NEUTRAL | The RSI value for GLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests GLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.37 | NEUTRAL | The Stochastics value for GLP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for GLP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.8 | NEGATIVE | The low ADX value for GLP 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 |
|---|---|---|---|
| 53.77 | 50.81 | 2.96 (5.50%) | 18.17% |
| An entry @53.77. This is a Buy Stop order right above the resistance zone. | An exit @50.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.96 points, which is 5.50%. | For a 1.00% total portfolio risk, you can invest 18.17% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GLP. Please evaluate whether better entry and exit points can be found.
- 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.
53.64
+0.49 (+0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.92%
1 Week2.13%
2 Weeks8.91%
1 Month11.63%
3 Month0.3%
6 Month-5.11%
12 Month11.01%
2 Year74.55%
3 Year128.26%
5 Year447.91%
10 Year65.35%
15 Year138.51%
Volatility
ATR(14)2.07
ATR(20)%3.97%
ATR Inc2.9%
Range Today1.88
ADR(20)2.09
ADR(20)%3.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.48
Mansfield0.47
10 Day High54.98
10 Day Low49.33
20 Day High54.98
20 Day Low46.56
52 Week High60
52 Week Low37
CS1 End51.63
CR1 Start53.76
Volume & EV
DER(3)6.02%
DER(5)5.3%
Volume38.00K
Volume Incr-15.15%
Vol(5)49.46K
Vol(50)48.41K