KIMBELL ROYALTY PARTNERS LP (KRP) Stock Technical Analysis
NYSE:KRP - New York Stock Exchange, Inc. - US49435R1023 - Currency: USD
We assign a technical rating of 5 out of 10 to KRP. In the past year, KRP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, KRP is a bad performer in the overall market: 70% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month KRP has a been trading in the 13.72 - 14.90 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
KRP is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 44% of 210 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.
Considerably lower volume is observed in the last couple of days.
KRP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.82, a Stop Loss order could be placed below this zone.
More info and screens
13.65
16.77
We found 1 important support area.
- A support zone ranging from 13.79 to 13.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 14.28 to 14.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 @15.17 from a trend line in the daily time frame.
- A resistance zone ranging from 15.88 to 15.97. 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 | 30.01 | 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) | 56.83 | 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) | 33.33 | 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) | 19.44 | 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)
14.17
+0.1 (+0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.71%
1 Week0.14%
2 Weeks1.36%
1 Month1.94%
3 Month17.4%
6 Month-8.93%
12 Month-16.55%
2 Year-10.37%
3 Year-20.48%
5 Year62.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%2.08%
ATR Inc-29.18%
Range Today0.21
ADR(20)0.29
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.01
Mansfield-1.26
10 Day High14.29
10 Day Low13.72
20 Day High14.9
20 Day Low13.72
52 Week High17.07
52 Week Low10.98
CS1 End13.82
CR1 Start14.28
Volume & EV
DER(3)-3.79%
DER(5)-0.47%
Volume256.80K
Volume Incr-38.31%
Vol(5)353.06K
Vol(50)573.60K