Golar Lng Partners (GMLP) Stock Technical Analysis
USA - NASDAQ:GMLP -
We assign a technical rating of 7 out of 10 to GMLP. 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.
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
2.96
3 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important 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.
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. |
3.55
+0.02 (+0.57%)
Golar Lng Partners / GMLP FAQ
What is the technical rating for GMLP stock?
ChartMill assigns a technical rating of 7 / 10 to GMLP.
What is the trend direction for GMLP stock?
The current trend direction for Golar Lng Partners (GMLP) is Bullish.
Can you provide the RSI signal for Golar Lng Partners?
Golar Lng Partners (GMLP) has an RSI value of 77.5278. This indicates that the stock is currently overbought.
What is the MACD signal for GMLP stock?
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.