GLOBAL PARTNERS LP (GLP) Stock Technical Analysis
NYSE:GLP - New York Stock Exchange, Inc. - US37946R1095 - Currency: USD
Overall GLP gets a technical rating of 4 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.
GLP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 55.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 49.81, a Stop Loss order could be placed below this zone.
More info and screens
44.20
We found 4 important support areas.
- A support zone ranging from 49.05 to 49.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.16 from a horizontal line in the weekly time frame.
- Support @46.00 from a horizontal line in the daily time frame.
- A support zone ranging from 44.65 to 44.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 55.09 to 55.74. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for GLP is neutral. |
| ChartMill Relative Strength | 56.08 | 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 | 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) | 48.1 | NEUTRAL | The RSI value for GLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests GLP has a negative trend. |
| Stochastics (14,3) | 20.77 | NEUTRAL | The Stochastics value for GLP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for GLP suggests some volalility. |
| Average Directional Index/ADX (14) | 21.32 | NEUTRAL | The ADX value for GLP suggests a possible start of a new trend. |
52.55
-0.43 (-0.81%)