GLOBAL X MLP & ENERGY INFRAS (MLPX) Stock Technical Analysis
USA - NYSEARCA:MLPX - US37954Y2937 - ETF
59.23 USD
-1.31 (-2.16%)
59.5 USD
+0.27 (+0.46%)
Taking everything into account, MLPX scores 2 out of 10 in our technical rating. MLPX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month MLPX has a been trading in the 59.23 - 63.59 range, which is quite wide. It is currently trading near the lows of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, MLPX turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
MLPX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MLPX is lagging the market.
The technical rating of MLPX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
58.63
65.54
We found 1 important support area.
- Support @59.22 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Strong resistance @59.78 from a horizontal line in the daily time frame.
- A resistance zone ranging from 61.19 to 63.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 64.32 to 64.89. 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 | NEUTRAL | NEUTRAL | The long term trend for MLPX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MLPX is neutral. |
| ChartMill Relative Strength | 41.6 | NEUTRAL | MLPX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLPX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLPX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MLPX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.56 | NEUTRAL | The RSI value for MLPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests MLPX has a negative trend. |
| Stochastics (14,3) | 14.32 | OVERSOLD | The low Stochastics value suggests MLPX may be oversold. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for MLPX suggests low volalility. |
| Average Directional Index/ADX (14) | 14.39 | NEGATIVE | The low ADX value for MLPX suggests a weak or negative trend. |
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)
59.23
-1.31 (-2.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.16%
1 Week-5.06%
2 Weeks-5.97%
1 Month-3.38%
3 Month-3.46%
6 Month2.1%
12 Month3.37%
2 Year39.66%
3 Year40.46%
5 Year162.78%
10 Year33.4%
15 YearN/A
Volatility
ATR(14)0.94
ATR(20)%1.43%
ATR Inc96.69%
Range Today1.58
ADR(20)0.83
ADR(20)%1.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.6
Mansfield-1.14
10 Day High63.17
10 Day Low59.23
20 Day High63.59
20 Day Low59.23
52 Week High67.47
52 Week Low53.54
CS1 End59.22
CR1 Start59.78
Volume & EV
DER(3)-3.38%
DER(5)-2.25%
Volume286.70K
Volume Incr0.43%
Vol(5)279.46K
Vol(50)298.70K