Alerian Natural Gas MLP ETN UBS E-Tracs (MLPG) Stock Technical Analysis
NYSEARCA:MLPG - NYSE Arca -
We assign a technical rating of 7 out of 10 to MLPG. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MLPG is a bad performer.
When comparing the yearly performance of all stocks, MLPG is a bad performer in the overall market: 88% of all stocks are doing better.
Warning: MLPG has an average volume of 884 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
In the last month MLPG has a been trading in the 9.40 - 12.74 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
MLPG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MLPG is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MLPG has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.89
12.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 10.95 to 11.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.15 to 10.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.44 from a trend line in the daily time frame.
- Support @8.98 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.49 to 12.49. 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 | UP | POSITIVE | The long term trend for MLPG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLPG is up. |
| ChartMill Relative Strength | 12.93 | NEGATIVE | MLPG has a low relative strength, it was outperformed by 87.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLPG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLPG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MLPG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.37 | OVERBOUGHT | The high RSI value suggests MLPG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests MLPG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.19 | OVERBOUGHT | The high Stochastics value suggests MLPG may be overbought. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for MLPG suggests some volalility. |
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)
Alerian Natural Gas MLP ETN UBS E-Tracs
NYSEARCA:MLPG (11/23/2020, 8:04:00 PM)
12.38
-0.1 (-0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.84%
1 Week6.27%
2 Weeks14.84%
1 Month16.21%
3 Month10.7%
6 Month17.93%
12 Month-25.66%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%3.21%
ATR Inc29.29%
Range Today0.42
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
CRS12.93
Mansfield-0.6
10 Day High12.74
10 Day Low11.14
20 Day High12.74
20 Day Low9.4
52 Week High19.99
52 Week Low5.06
CS1 End11.13
CR1 Start12.49
Volume & EV
DER(3)-10.5%
DER(5)-6.4%
Volume600
Volume Incr173.27%
Vol(5)1.38K
Vol(50)884