DORIAN LPG LTD (LPG)

MHY2106R1100 - Common Stock

41.78  +0.5 (+1.21%)

After market: 41.78 0 (0%)

Technical Rating and Analysis

10

Taking everything into account, LPG scores 10 out of 10 in our technical rating. LPG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that LPG is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by LPG over the past year are nicely spread over this period.
LPG is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 93% of 214 stocks in the same industry.
LPG 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 LPG is performing more or less in line with the market.
In the last month LPG has a been trading in the 37.54 - 42.75 range, which is quite wide. It is currently trading near the high of this range.
Weekly and Daily overview Charts
LPG Weekly chart
LPG Daily chart
Setup Rating and Analysis

9

LPG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 39.45, 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.
Support and Resistance Analysis

36.63

42.89

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 39.05 to 39.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 37.00 to 38.15. 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 one important area.

  • Resistance @42.47 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.91
Mansfield1.51
10 Day High42.75
10 Day Low38.15
20 Day High42.75
20 Day Low37.54
52 Week High49.54
52 Week Low21.02
Performance
1 Week4.97%
2 Weeks6.18%
1 Month8.63%
3 Month6.23%
6 Month32.55%
12 Month88.03%
2 Year183.83%
3 Year214.37%
5 Year420.95%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.16
RSI(14)61.93
LBB37.89
UBB42.37
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.

ENTRYEXITDISTANCECAPITAL
42.4839.043.44 (8.10%)12.35%
An entry @42.48. This is a Buy Stop order right above the resistance zone.An exit @39.04. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 3.44 points, which is 8.10%.For a 1.00% total portfolio risk, you can invest 12.35% 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.
LPG Daily chart

DORIAN LPG LTD

NYSE:LPG (4/26/2024, 7:04:00 PM)

After market: 41.78 0 (0%)

41.78

+0.5 (+1.21%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.21%
1 Week4.97%
2 Weeks6.18%
1 Month8.63%
3 Month6.23%
6 Month32.55%
12 Month88.03%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.5
ATR(20)%3.98%
ATR Inc
Range Today1.4
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High42.75
10 Day Low38.15
20 Day High42.75
20 Day Low37.54
52 Week High49.54
52 Week Low21.02
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume570.80K
Volume Incr-8.66%
Vol(5)669.78K
Vol(50)755.68K