NYSE:MLP - New York Stock Exchange, Inc. - US5773451019 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to MLP. Recently some decent action could be observed, but in the medium term time frame this is still negative. MLP was also a bad performer in the overall market in the last year.
MLP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 15.96, a Stop Loss order could be placed below this zone.
14.38
4 important support areas can be observed.
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 | DOWN | NEGATIVE | The long term trend for MLP is down. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLP is up. |
ChartMill Relative Strength | 22.89 | NEGATIVE | MLP has a low relative strength, it was outperformed by 77.11% 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 | NEGATIVE | The current price of MLP is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 55.42 | NEUTRAL | The RSI value for MLP is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MLP has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 63.24 | NEUTRAL | The Stochastics value for MLP is a neutral value. |
Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for MLP suggests some volalility. |
Average Directional Index/ADX (14) | 32.69 | POSITIVE | The high ADX value value for MLP suggests a strong trend. |
17.25
+0.22 (+1.29%)