DORIAN LPG LTD (LPG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LPG - MHY2106R1100 - Common Stock
Overall LPG gets a technical rating of 0 out of 10. LPG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
LPG has a poor technical rating and the quality of the setup is also not perfect 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.
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24.33
When analyzing the support we notice one important area.
- A support zone ranging from 24.58 to 24.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.79 to 25.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.22 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 | DOWN | NEGATIVE | The long term trend for LPG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LPG is down. |
| ChartMill Relative Strength | 23.86 | NEGATIVE | LPG has a low relative strength, it was outperformed by 76.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LPG is below 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 | MIXED | The current price of LPG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.75 | NEUTRAL | The RSI value for LPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests LPG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.91 | OVERSOLD | The low Stochastics value suggests LPG may be oversold. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for LPG suggests some volalility. |
| Average Directional Index/ADX (14) | 27.82 | POSITIVE | The high ADX value value for LPG suggests a strong trend. |
24.78
+0.2 (+0.81%)
DORIAN LPG LTD / LPG FAQ
What is the ChartMill technical rating of DORIAN LPG LTD (LPG) stock?
ChartMill assigns a technical rating of 0 / 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 35.752. This indicates that the stock is currently neutral.
What is the buy/sell signal for LPG stock?
The buy/sell signal for DORIAN LPG LTD (LPG) is sell as both the short term and long term trends are negative.
What is the support and resistance level for LPG stock?
DORIAN LPG LTD (LPG) has a support level at 24.77 and a resistance level at 24.79. Check the full technical report for our detailed analysis of LPG support and resistance levels.