DORIAN LPG LTD (LPG) Stock Technical Analysis
USA - NYSE:LPG - MHY2106R1100 - Common Stock
We assign a technical rating of 3 out of 10 to LPG. In the last year, LPG was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
The technical rating of LPG is bad and it also does not present a quality setup 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
25.91
We found 2 important support areas.
- A support zone ranging from 26.99 to 27.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.17 to 26.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @32.09 from a horizontal line in the weekly time frame.
- Resistance @32.70 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for LPG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LPG is neutral. |
| ChartMill Relative Strength | 40.08 | NEUTRAL | LPG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LPG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LPG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LPG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.02 | NEUTRAL | The RSI value for LPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests LPG has a positive trend. |
| Stochastics (14,3) | 81.84 | OVERBOUGHT | The high Stochastics value suggests LPG may be overbought. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for LPG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.74 | POSITIVE | The high ADX value value for LPG suggests a strong trend. |
28.67
+0.68 (+2.43%)
DORIAN LPG LTD / LPG FAQ
What is the ChartMill technical rating of DORIAN LPG LTD (LPG) stock?
ChartMill assigns a technical rating of 3 / 10 to LPG.
What is the current trend direction of DORIAN LPG LTD (LPG) stock?
The current trend direction for DORIAN LPG LTD (LPG) is Bearish.
What is the RSI signal for DORIAN LPG LTD (LPG) stock?
DORIAN LPG LTD (LPG) has an RSI value of 53.0245. This indicates that the stock is currently neutral.
What is the support and resistance level for LPG stock?
DORIAN LPG LTD (LPG) has a support level at 27.49 and a resistance level at 32.09. Check the full technical report for our detailed analysis of LPG support and resistance levels.