LAREDO PETROLEUM INC (LPI) Stock Technical Analysis
NYSE:LPI - New York Stock Exchange, Inc. - US5168062058 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to LPI. LPI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, LPI is a bad performer in the overall market: 90% of all stocks are doing better.
LPI is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, of which 87% are performing better than LPI.
LPI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so LPI is lagging the market.
In the last month LPI has a been trading in the 46.61 - 55.50 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, LPI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
47.61
63.40
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 50.00 to 50.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 52.28 to 53.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 62.01 to 62.77. 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 | DOWN | NEGATIVE | The long term trend for LPI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LPI is down. |
| ChartMill Relative Strength | 10.99 | NEGATIVE | LPI has a low relative strength, it was outperformed by 89.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LPI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LPI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LPI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.34 | NEUTRAL | The RSI value for LPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests LPI has a positive trend. |
| Stochastics (14,3) | 17.41 | OVERSOLD | The low Stochastics value suggests LPI may be oversold. |
| Average True Range in percent/ATR (20) | 5.5 | HIGH VOLATILITY | The high ATR as a percentage value for LPI suggests high volalility. |
| Average Directional Index/ADX (14) | 22.66 | NEUTRAL | The ADX value for LPI suggests a possible start of a new 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)
48.09
+0.54 (+1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.14%
1 Week-4.81%
2 Weeks-8.54%
1 Month-8.19%
3 Month-37.61%
6 Month-29.06%
12 Month-32.69%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.53
ATR(20)%5.5%
ATR Inc-20.47%
Range Today1.59
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.99
Mansfield-2.9
10 Day High53.25
10 Day Low46.61
20 Day High55.5
20 Day Low46.61
52 Week High120.86
52 Week Low46.61
CS1 EndN/A
CR1 Start50
Volume & EV
DER(3)2.93%
DER(5)2.28%
Volume678.10K
Volume Incr-17.02%
Vol(5)668.50K
Vol(50)666.69K