KIMBELL ROYALTY PARTNERS LP (KRP) Technical Analysis
NYSE:KRP • US49435R1023
Current stock price
KRP Technical Rating and Analysis
Taking everything into account, KRP scores 8 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, KRP is only an average performer.
- KRP is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 67% are performing better than KRP.
- The long and short term trends are both positive. This is looking good!
- KRP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so KRP is performing more or less in line with the market.
- In the last month KRP has a been trading in the 13.88 - 14.88 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- When comparing the yearly performance of all stocks, we notice that KRP is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
KRP Weekly and Daily overview Charts
KRP Setup Rating and Analysis
KRP 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 14.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.11, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
KRP Support and Resistance Analysis
13.74
When analyzing the support we notice one important area.
- A support zone ranging from 13.88 to 14.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.57 to 14.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.06 from a horizontal line in the daily time frame.
KRP 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 KRP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KRP is up. |
| ChartMill Relative Strength | 76.14 | POSITIVE | KRP has a high relative strength, it outperformed 76.14% 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) | 55.83 | NEUTRAL | The RSI value for KRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests KRP has a negative trend. |
| Stochastics (14,3) | 60.36 | NEUTRAL | The Stochastics value for KRP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for KRP suggests some volalility. |
| Average Directional Index/ADX (14) | 25.96 | POSITIVE | The high ADX value value for KRP suggests a strong trend. |
KRP Chart- and CandleStick Pattern Analysis
KRP 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 |
|---|---|---|---|
| 14.76 | 14.19 | 0.57 (3.86%) | 25.00% |
| An entry @14.76. This is a Buy Stop order right above the resistance zone. | An exit @14.19. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.57 points, which is 3.86%. | For a 0.97% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
KRP Technicals: Chart, Performance Metrics, Trend & Indicators
14.53
-0.14 (-0.95%)
KIMBELL ROYALTY PARTNERS LP / KRP TA FAQ
Can you provide the ChartMill technical rating for KIMBELL ROYALTY PARTNERS LP?
ChartMill assigns a technical rating of 8 / 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 Bullish.
Can you provide the RSI signal for KIMBELL ROYALTY PARTNERS LP?
KIMBELL ROYALTY PARTNERS LP (KRP) has an RSI value of 55.8262. This indicates that the stock is currently neutral.
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 -0.0477206, indicating a bearish trend.
What is the support and resistance level for KRP stock?
KIMBELL ROYALTY PARTNERS LP (KRP) has a support level at 14.11 and a resistance level at 14.57. Check the full technical report for our detailed analysis of KRP support and resistance levels.