Alerian MLP Infrastrctr ETN UBS E-Tracs (MLPI) Stock Technical Analysis
USA - NYSEARCA:MLPI -
Overall MLPI gets a technical rating of 6 out of 10. In the last year, MLPI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
MLPI 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 11.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.27, a Stop Loss order could be placed below this zone.
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9.04
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.01 to 11.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.65 to 9.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.13 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 11.29 to 11.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.09 from a trend line in the weekly time frame.
- Resistance @14.55 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for MLPI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLPI is up. |
| ChartMill Relative Strength | 6.6 | NEGATIVE | MLPI has a low relative strength, it was outperformed by 93.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLPI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLPI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MLPI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.94 | NEUTRAL | The RSI value for MLPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MLPI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.52 | OVERBOUGHT | The high Stochastics value suggests MLPI may be overbought. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for MLPI suggests some volalility. |
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 |
|---|---|---|---|
| 11.31 | 11.00 | 0.31 (2.74%) | 25.00% |
| An entry @11.31. This is a Buy Stop order right above the resistance zone. | An exit @11.00. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.31 points, which is 2.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%. |
- The distance between exit and entry is rather small compared to the average daily movement of MLPI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
Alerian MLP Infrastrctr ETN UBS E-Tracs
NYSEARCA:MLPI (11/23/2020, 8:04:00 PM)
11.28
+0.02 (+0.18%)