Hoegh LNG Partners LP (HMLP) Technical Analysis
NYSE:HMLP • US45175B1098
Current stock price
HMLP Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to HMLP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HMLP is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that HMLP is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, HMLP also shows a nice and consistent pattern of rising prices.
- HMLP is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 98% of 60 stocks in the same industry.
- HMLP is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so HMLP is leading the market.
- In the last month HMLP has a been trading in a tight range between 9.17 and 9.25.
- Volume is considerably higher in the last couple of days.
HMLP Weekly and Daily overview Charts
HMLP Setup Rating and Analysis
HMLP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.23, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HMLP in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
HMLP Support and Resistance Analysis
8.38
We found 3 important support areas.
- A support zone ranging from 9.18 to 9.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.94 to 8.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.46 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.25 to 9.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
HMLP 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 HMLP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HMLP is up. |
| ChartMill Relative Strength | 98.35 | POSITIVE | HMLP has a high relative strength, it outperformed 98.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HMLP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HMLP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HMLP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.18 | NEUTRAL | The RSI value for HMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests HMLP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.22 | NEUTRAL | The Stochastics value for HMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.26 | LOW VOLATILITY | The low ATR as a percentage value for HMLP suggests low volalility. |
| Average Directional Index/ADX (14) | 18.46 | NEGATIVE | The low ADX value for HMLP suggests a weak or negative trend. |
HMLP Chart- and CandleStick Pattern Analysis
HMLP Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.26 | 9.21 | 0.05 (0.54%) | 25.00% |
| An entry @9.26. This is a Buy Stop order right above the resistance zone. | An exit @9.21. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.05 points, which is 0.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.13%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
HMLP Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:HMLP (9/23/2022, 8:06:32 PM)
9.24
+0.01 (+0.11%)
Hoegh LNG Partners LP / HMLP TA FAQ
Can you provide the ChartMill technical rating for Hoegh LNG Partners LP?
ChartMill assigns a technical rating of 8 / 10 to HMLP.
Can you provide the trend direction for Hoegh LNG Partners LP?
The current trend direction for Hoegh LNG Partners LP (HMLP) is Bullish.
Can you provide the RSI signal for Hoegh LNG Partners LP?
Hoegh LNG Partners LP (HMLP) has an RSI value of 66.1788. This indicates that the stock is currently neutral.
What is the short term momentum for HMLP stock?
The short term momentum for Hoegh LNG Partners LP (HMLP) is positive.
Can you provide the buy/sell signal for Hoegh LNG Partners LP?
The buy/sell signal for Hoegh LNG Partners LP (HMLP) is buy as both the short term and long term trends are positive.