NYSE:MLP - New York Stock Exchange, Inc. - US5773451019 - Common Stock - Currency: USD
Overall MLP gets a technical rating of 1 out of 10. MLP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, MLP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.63, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MLP in the last couple of days, which is a good sign.
14.27
3 important support areas can be observed.
We can see 3 important resistance areas.
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 MLP is down. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLP is down. |
ChartMill Relative Strength | 24.67 | NEGATIVE | MLP has a low relative strength, it was outperformed by 75.33% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLP is below a declining SMA(20). |
Simple Moving Average/SMA (50) | UP | MIXED | The current price of MLP is below the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MLP is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 46.44 | NEUTRAL | The RSI value for MLP is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MLP has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 30.57 | NEUTRAL | The Stochastics value for MLP is a neutral value. |
Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for MLP suggests some volalility. |
Average Directional Index/ADX (14) | 18.72 | NEGATIVE | The low ADX value for MLP suggests a weak or negative trend. |
16.71
+0.13 (+0.78%)