GLOBAL X MLP ETF (MLPA) Stock Technical Analysis
USA - NYSEARCA:MLPA - US37954Y3430 - ETF
We assign a technical rating of 1 out of 10 to MLPA. MLPA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, MLPA 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 47.18, a Stop Loss order could be placed below this zone.
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45.92
When analyzing the support we notice one important area.
- A support zone ranging from 46.38 to 47.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 47.98 to 49.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @53.48 from a horizontal line in the weekly 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 MLPA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLPA is down. |
| ChartMill Relative Strength | 31.27 | NEUTRAL | MLPA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MLPA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLPA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MLPA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.91 | NEUTRAL | The RSI value for MLPA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MLPA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.25 | NEUTRAL | The Stochastics value for MLPA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for MLPA suggests low volalility. |
| Average Directional Index/ADX (14) | 17.68 | NEGATIVE | The low ADX value for MLPA suggests a weak or negative trend. |
47.948
+0.21 (+0.44%)
GLOBAL X MLP ETF / MLPA FAQ
What is the ChartMill technical rating of GLOBAL X MLP ETF (MLPA) stock?
ChartMill assigns a technical rating of 1 / 10 to MLPA.
What is the trend direction for MLPA stock?
The current trend direction for GLOBAL X MLP ETF (MLPA) is Bearish.
Can you provide the RSI signal for GLOBAL X MLP ETF?
GLOBAL X MLP ETF (MLPA) has an RSI value of 45.91. This indicates that the stock is currently neutral.
What is the buy/sell signal for MLPA stock?
The buy/sell signal for GLOBAL X MLP ETF (MLPA) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for GLOBAL X MLP ETF?
GLOBAL X MLP ETF (MLPA) has a support level at 47.18 and a resistance level at 47.98. Check the full technical report for our detailed analysis of MLPA support and resistance levels.