USA - NYSE:MLP - US5773451019 - Common Stock
Taking everything into account, MLP scores 7 out of 10 in our technical rating. Although MLP is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, MLP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for MLP in the last couple of days, which is a good sign.
14.38
We found 6 important support areas.
3 important resistance areas can be observed.
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 MLP is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLP is up. |
ChartMill Relative Strength | 24.95 | NEGATIVE | MLP has a low relative strength, it was outperformed by 75.05% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLP is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLP is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MLP is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 57.51 | NEUTRAL | The RSI value for MLP is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MLP has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 64.37 | NEUTRAL | The Stochastics value for MLP is a neutral value. |
Average True Range in percent/ATR (20) | 4.25 | MEDIUM VOLATILITY | The ATR as a percentage value for MLP suggests some volalility. |
Average Directional Index/ADX (14) | 29.9 | POSITIVE | The high ADX value value for MLP suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
19.31 | 18.19 | 1.13 (5.83%) | 17.16% |
An entry @19.31. This is a Buy Stop order right above the resistance zone. | An exit @18.18. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.13 points, which is 5.83%. | For a 1.00% total portfolio risk, you can invest 17.16% of your capital in this trade. |
19.03
+0.06 (+0.32%)