KIMBELL ROYALTY PARTNERS LP (KRP) Stock Technical Analysis
NYSE:KRP - New York Stock Exchange, Inc. - US49435R1023 - Currency: USD
Taking everything into account, KRP scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. KRP was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, KRP is a bad performer in the overall market: 65% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month KRP has a been trading in the 12.77 - 14.72 range, which is quite wide. It is currently trading near the high of this range.
KRP is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 51% of 213 stocks in the same industry.
KRP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so KRP is lagging the market slightly.
KRP has an average technical rating and it also 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
11.46
16.77
We found 4 important support areas.
- A support zone ranging from 13.61 to 13.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.99 to 13.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.33 from a trend line in the daily time frame.
- Support @11.58 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 14.62 to 14.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.31 from a trend line in the daily time frame.
- A resistance zone ranging from 15.94 to 16.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.47 to 16.60. 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 | NEUTRAL | NEUTRAL | The long term trend for KRP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KRP is up. |
| ChartMill Relative Strength | 35.27 | NEUTRAL | KRP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KRP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KRP is above the rising 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) | 73.42 | OVERBOUGHT | The high RSI value suggests KRP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests KRP has a positive trend. |
| Stochastics (14,3) | 92.26 | OVERBOUGHT | The high Stochastics value suggests KRP may be overbought. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for KRP suggests low volalility. |
| Average Directional Index/ADX (14) | 31.66 | POSITIVE | The high ADX value value for KRP suggests a strong 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)
14.61
+0.04 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.27%
1 Week3.54%
2 Weeks11.36%
1 Month12.21%
3 Month4.28%
6 Month-5.19%
12 Month-8.8%
2 Year-0.68%
3 Year-6.82%
5 Year69.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%1.84%
ATR Inc-12.82%
Range Today0.19
ADR(20)0.25
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.27
Mansfield-0.7
10 Day High14.72
10 Day Low13.21
20 Day High14.72
20 Day Low12.77
52 Week High17.07
52 Week Low10.98
CS1 End13.71
CR1 Start14.62
Volume & EV
DER(3)3.97%
DER(5)3.04%
Volume916.80K
Volume Incr37.67%
Vol(5)738.34K
Vol(50)598.75K