Golar Lng Partners (GMLP) Technical Analysis
NASDAQ:GMLP
Current stock price
GMLP Technical Rating and Analysis
Taking everything into account, GMLP scores 7 out of 10 in our technical rating. Although GMLP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- GMLP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GMLP is leading the market.
- When compared to the yearly performance of all other stocks, GMLP outperforms 53% of them, which is more or less in line with the market.
- In the last month GMLP has a been trading in a tight range between 3.48 and 3.55.
GMLP Weekly and Daily overview Charts
GMLP Setup Rating and Analysis
Although GMLP has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
GMLP Support and Resistance Analysis
2.96
We found 3 important support areas.
- A support zone ranging from 3.48 to 3.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.39 to 3.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.99 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.56 to 3.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
GMLP 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 | UP | POSITIVE | The long term trend for GMLP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GMLP is up. |
| ChartMill Relative Strength | 53.11 | NEUTRAL | GMLP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GMLP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GMLP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GMLP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.53 | OVERBOUGHT | The high RSI value suggests GMLP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GMLP has a positive trend. |
| Stochastics (14,3) | 87.78 | OVERBOUGHT | The high Stochastics value suggests GMLP may be overbought. |
| Average True Range in percent/ATR (20) | 0.47 | LOW VOLATILITY | The low ATR as a percentage value for GMLP suggests low volalility. |
GMLP Chart- and CandleStick Pattern Analysis
GMLP Technicals: Chart, Performance Metrics, Trend & Indicators
3.55
+0.02 (+0.57%)
Golar Lng Partners / GMLP TA FAQ
What is the technical rating for GMLP stock?
ChartMill assigns a technical rating of 7 / 10 to GMLP.
What is the current trend direction of Golar Lng Partners (GMLP) stock?
The current trend direction for Golar Lng Partners (GMLP) is Bullish.
What is the RSI signal for GMLP stock?
Golar Lng Partners (GMLP) has an RSI value of 77.5278. This indicates that the stock is currently overbought.
Can you provide the MACD signal for Golar Lng Partners?
The MACD indicator for Golar Lng Partners (GMLP) has a value of 0.00169552, indicating a bearish trend.
What is the support and resistance level for GMLP stock?
Golar Lng Partners (GMLP) has a support level at 3.51 and a resistance level at 3.56. Check the full technical report for our detailed analysis of GMLP support and resistance levels.