GLOBAL PARTNERS LP (GLP) Technical Analysis
NYSE:GLP • US37946R1095
Current stock price
GLP Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to GLP. 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.
- GLP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 81% of 208 stocks in the same industry do better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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 51% of all stocks.
- 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 - 49.33 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
Although the technical rating is only medium, GLP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 48.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.33, a Stop Loss order could be placed below this zone.
More info and screens
GLP Support and Resistance Analysis
40.27
We found 3 important support areas.
- A support zone ranging from 46.32 to 46.62. 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 46.73 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 | UP | POSITIVE | The short term trend for GLP is up. |
| ChartMill Relative Strength | 51.08 | 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) | 56.39 | NEUTRAL | The RSI value for GLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests GLP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.48 | NEUTRAL | The Stochastics value for GLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for GLP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.41 | NEGATIVE | The low ADX value for GLP suggests a weak or negative trend. |
GLP Chart- and CandleStick Pattern Analysis
GLP Example Setup
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 |
|---|---|---|---|
| 47.64 | 46.31 | 1.32 (2.78%) | 25.00% |
| An entry @47.63. This is a Buy Stop order right above the 10 day moving average. | An exit @46.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.32 points, which is 2.78%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- 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.
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 6 / 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 56.3907. 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 48.33 and a resistance level at 48.56. Check the full technical report for our detailed analysis of GLP support and resistance levels.