KIMBELL ROYALTY PARTNERS LP (KRP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:KRP • US49435R1023
Overall KRP gets a technical rating of 6 out of 10. In the last year, KRP was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, KRP is a bad performer in the overall market: 73% of all stocks are doing better.
- KRP is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, of which 71% are performing better than KRP.
- 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 11.72 - 13.82 range, which is quite wide. It is currently trading near the high of this range.
- 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.
KRP has an average technical rating and the quality of the presented setup is also not ideal 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
13.11
When analyzing the support we can see 2 important areas.
- Support @13.77 from a horizontal line in the daily time frame.
- A support zone ranging from 13.24 to 13.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @14.10 from a horizontal line in the daily time frame.
- Resistance @14.74 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 | UP | POSITIVE | The short term trend for KRP is up. |
| ChartMill Relative Strength | 27.65 | NEGATIVE | KRP has a low relative strength, it was outperformed by 72.35% off all stocks 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) | UP | POSITIVE | The current price of KRP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.84 | OVERBOUGHT | The high RSI value suggests KRP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests KRP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.3 | OVERBOUGHT | The high Stochastics value suggests KRP may be overbought. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for KRP suggests some volalility. |
| Average Directional Index/ADX (14) | 37.84 | POSITIVE | The high ADX value value for KRP suggests a strong trend. |
13.79
+0.23 (+1.7%)
KIMBELL ROYALTY PARTNERS LP / KRP FAQ
Can you provide the ChartMill technical rating for KIMBELL ROYALTY PARTNERS LP?
ChartMill assigns a technical rating of 6 / 10 to KRP.
What is the current trend direction of KIMBELL ROYALTY PARTNERS LP (KRP) stock?
The current trend direction for KIMBELL ROYALTY PARTNERS LP (KRP) is Bearish.
Can you provide the RSI signal for KIMBELL ROYALTY PARTNERS LP?
KIMBELL ROYALTY PARTNERS LP (KRP) has an RSI value of 70.8402. This indicates that the stock is currently overbought.
What is the MACD signal for KIMBELL ROYALTY PARTNERS LP (KRP) stock?
The MACD indicator for KIMBELL ROYALTY PARTNERS LP (KRP) has a value of 0.090081, indicating a bearish trend.
What is the support and resistance level for KRP stock?
KIMBELL ROYALTY PARTNERS LP (KRP) has a support level at 13.77 and a resistance level at 14.1. Check the full technical report for our detailed analysis of KRP support and resistance levels.