KIMBELL ROYALTY PARTNERS LP (KRP) Stock Technical Analysis
NYSE:KRP - US49435R1023
14.1 USD
+0.13 (+0.93%)
14.1 USD
0 (0%)
Taking everything into account, KRP scores 1 out of 10 in our technical rating. KRP performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, KRP is a bad performer in the overall market: 74% of all stocks are doing better.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
KRP is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 40% of 208 stocks in the same industry.
KRP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so KRP is lagging the market.
In the last month KRP has a been trading in the 13.46 - 15.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
KRP has a poor technical rating and the quality of the setup is also not perfect 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
13.39
16.77
When analyzing the support we notice one important area.
- A support zone ranging from 13.53 to 13.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 14.15 to 14.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.52 to 15.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.73 from a trend line in the weekly time frame.
- Resistance @16.60 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for KRP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for KRP is down. |
| ChartMill Relative Strength | 26.22 | NEGATIVE | KRP has a low relative strength, it was outperformed by 73.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KRP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KRP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KRP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.6 | NEUTRAL | The RSI value for KRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests KRP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.96 | NEUTRAL | The Stochastics value for KRP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for KRP suggests some volalility. |
| Average Directional Index/ADX (14) | 18.63 | NEGATIVE | The low ADX value for KRP suggests a weak or negative trend. |
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)
14.1
+0.13 (+0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.93%
1 Week3.52%
2 Weeks-2.42%
1 Month-5.18%
3 Month7.63%
6 Month-7.96%
12 Month-11.76%
2 Year-8.14%
3 Year-20.52%
5 Year73.22%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%2.08%
ATR Inc-0.07%
Range Today0.28
ADR(20)0.28
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.22
Mansfield-1.33
10 Day High14.5
10 Day Low13.46
20 Day High15.12
20 Day Low13.46
52 Week High16.99
52 Week Low10.98
CS1 End13.87
CR1 Start14.15
Volume & EV
DER(3)2.92%
DER(5)2.45%
Volume482.90K
Volume Incr-6.71%
Vol(5)453.20K
Vol(50)494.67K