GLOBAL PARTNERS LP (GLP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GLP - US37946R1095
Overall GLP gets a technical rating of 0 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.
Although the technical rating is bad, GLP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 42.51, a Stop Loss order could be placed below this zone.
More info and screens
41.51
When analyzing the support we notice one important area.
- A support zone ranging from 41.93 to 42.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 43.03 to 43.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @44.85 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 45.70 to 46.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @47.89 from a trend line in the daily time frame.
- Resistance @50.09 from a trend line in the weekly 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 | 23.13 | NEGATIVE | GLP has a low relative strength, it was outperformed by 76.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GLP is above 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) | 50.02 | NEUTRAL | The RSI value for GLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GLP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.17 | NEUTRAL | The Stochastics value for GLP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for GLP suggests some volalility. |
| Average Directional Index/ADX (14) | 12.22 | NEGATIVE | The low ADX value for GLP suggests a weak or negative trend. |
42.64
+0.74 (+1.77%)
GLOBAL PARTNERS LP / GLP FAQ
Can you provide the ChartMill technical rating for GLOBAL PARTNERS LP?
ChartMill assigns a technical rating of 0 / 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 50.0178. This indicates that the stock is currently neutral.
What is the buy/sell signal for GLP stock?
The buy/sell signal for GLOBAL PARTNERS LP (GLP) is sell as both the short term and long term trends are negative.
What is the support and resistance level for GLP stock?
GLOBAL PARTNERS LP (GLP) has a support level at 42.51 and a resistance level at 43.03. Check the full technical report for our detailed analysis of GLP support and resistance levels.