DORIAN LPG LTD (LPG) Stock Technical Analysis
NYSE:LPG - New York Stock Exchange, Inc. - MHY2106R1100 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to LPG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, LPG is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month LPG has a been trading in the 23.00 - 29.27 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, LPG turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
LPG is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, LPG did better than 55% of them.
LPG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LPG is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although LPG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
22.83
29.21
We found 3 important support areas.
- A support zone ranging from 25.63 to 25.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 24.37 to 24.46. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @23.06 from a trend line in the daily 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 | UP | POSITIVE | The long term trend for LPG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LPG is up. |
| ChartMill Relative Strength | 48.25 | NEUTRAL | LPG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LPG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LPG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LPG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 77.67 | OVERBOUGHT | The high RSI value suggests LPG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests LPG has a positive trend. |
| Stochastics (14,3) | 94.96 | OVERBOUGHT | The high Stochastics value suggests LPG may be overbought. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for LPG suggests some volalility. |
| Average Directional Index/ADX (14) | 25.14 | POSITIVE | The high ADX value value for LPG 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)
28.92
+1.19 (+4.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg4.29%
1 Week11.4%
2 Weeks14.58%
1 Month25.14%
3 Month40.8%
6 Month11.36%
12 Month-27.43%
2 Year-2.76%
3 Year79.4%
5 Year238.64%
10 Year83.85%
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%3.09%
ATR Inc80.57%
Range Today1.47
ADR(20)0.81
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.25
Mansfield-0.2
10 Day High29.27
10 Day Low24.16
20 Day High29.27
20 Day Low23
52 Week High42.38
52 Week Low16.66
CS1 End25.72
CR1 StartN/A
Volume & EV
DER(3)2.63%
DER(5)1.95%
Volume1.11M
Volume Incr9.24%
Vol(5)704.42K
Vol(50)691.24K