GLOBAL PARTNERS LP (GLP) Stock Technical Analysis
USA - NYSE:GLP - US37946R1095
49.99 USD
-0.17 (-0.34%)
49.99 USD
0 (0%)
Overall GLP gets a technical rating of 1 out of 10. GLP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, GLP turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
GLP is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 53% of 211 stocks in the same industry.
GLP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GLP is lagging the market.
In the last month GLP has a been trading in the 48.86 - 53.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, GLP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 49.43, a Stop Loss order could be placed below this zone.
More info and screens
45.54
56.78
We found 2 important support areas.
- A support zone ranging from 49.00 to 49.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.00 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 51.20 to 51.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 52.51 to 52.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 55.09 to 56.22. 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 | 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 | 48.9 | 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) | 43.65 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 34.27 | NEUTRAL | The Stochastics value for GLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for GLP suggests some volalility. |
| Average Directional Index/ADX (14) | 11.17 | 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)
49.99
-0.17 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.34%
1 Week1.52%
2 Weeks-4.38%
1 Month-5.68%
3 Month-4.87%
6 Month-7.48%
12 Month11.83%
2 Year41.53%
3 Year101.98%
5 Year281.31%
10 Year76.46%
15 Year101.33%
Volatility
ATR(14)1.28
ATR(20)%2.47%
ATR Inc-17.17%
Range Today1.09
ADR(20)1.22
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.9
Mansfield-1.27
10 Day High52.29
10 Day Low48.86
20 Day High53.25
20 Day Low48.86
52 Week High60
52 Week Low43.2
CS1 End49.43
CR1 Start51.2
Volume & EV
DER(3)-7.31%
DER(5)-4.52%
Volume76.60K
Volume Incr-32.53%
Vol(5)61.60K
Vol(50)62.60K