Golar Lng Partners (GMLP) Stock Technical Analysis
NASDAQ:GMLP - Nasdaq -
Taking everything into account, GMLP scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GMLP is only an average performer.
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 comparing the performance of all stocks over the past year, GMLP turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
In the last month GMLP has a been trading in a tight range between 3.48 and 3.55.
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
3.60
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.
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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.55
+0.02 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.57%
1 Week1.43%
2 Weeks1.72%
1 Month1.43%
3 Month4.41%
6 Month73.17%
12 Month54.35%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.47%
ATR Inc24.44%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.11
Mansfield0.68
10 Day High3.55
10 Day Low3.48
20 Day High3.55
20 Day Low3.48
52 Week High3.57
52 Week Low1.82
CS1 End3.51
CR1 Start3.56
Volume & EV
DER(3)0.13%
DER(5)-0.3%
Volume326.70K
Volume Incr-2.73%
Vol(5)279.72K
Vol(50)282.95K