GLOBAL PARTNERS LP (GLP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GLP - US37946R1095
Overall GLP gets a technical rating of 1 out of 10. GLP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
GLP has a bad 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 42.17, a Stop Loss order could be placed below this zone.
More info and screens
41.59
We found 1 important support area.
- A support zone ranging from 42.01 to 42.17. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 43.46 to 46.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @48.63 from a trend line in the daily time frame.
- Resistance @50.62 from a trend line in the weekly time frame.
- Resistance @52.68 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 | DOWN | NEGATIVE | The long term trend for GLP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GLP is down. |
| ChartMill Relative Strength | 21.72 | NEGATIVE | GLP has a low relative strength, it was outperformed by 78.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GLP is below the rising 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) | 47.34 | NEUTRAL | The RSI value for GLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests GLP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.73 | OVERSOLD | The low Stochastics value suggests GLP may be oversold. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for GLP suggests some volalility. |
| Average Directional Index/ADX (14) | 12.59 | NEGATIVE | The low ADX value for GLP suggests a weak or negative trend. |
43.21
+0.82 (+1.93%)
GLOBAL PARTNERS LP / GLP FAQ
Can you provide the ChartMill technical rating for GLOBAL PARTNERS LP?
ChartMill assigns a technical rating of 1 / 10 to GLP.
What is the trend direction for 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 47.3426. This indicates that the stock is currently neutral.
What is the MACD signal for GLOBAL PARTNERS LP (GLP) stock?
The MACD indicator for GLOBAL PARTNERS LP (GLP) has a value of -0.0910688, indicating a bearish trend.
What is the short term momentum for GLOBAL PARTNERS LP (GLP) stock?
The short term momentum for GLOBAL PARTNERS LP (GLP) is negative.