Noble Midstream Partners LP (NBLX) Stock Technical Analysis
NYSE:NBLX
Taking everything into account, NBLX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NBLX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that NBLX is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, NBLX also shows a nice and consistent pattern of rising prices.
- NBLX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NBLX has a been trading in the 13.80 - 15.73 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.
Although NBLX has an excellent technical rating, the quality of the presented setup is not ideal 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
11.69
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.54 to 14.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.01 to 14.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.81 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.47 to 15.47. 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 NBLX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NBLX is up. |
| ChartMill Relative Strength | 86.62 | POSITIVE | NBLX has a high relative strength, it outperformed 86.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NBLX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NBLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NBLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.7 | NEUTRAL | The RSI value for NBLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests NBLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.51 | OVERBOUGHT | The high Stochastics value suggests NBLX may be overbought. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for NBLX suggests some volalility. |
15.21
-0.09 (-0.59%)
Noble Midstream Partners LP / NBLX FAQ
Can you provide the ChartMill technical rating for Noble Midstream Partners LP?
ChartMill assigns a technical rating of 10 / 10 to NBLX.
What is the current trend direction of Noble Midstream Partners LP (NBLX) stock?
The current trend direction for Noble Midstream Partners LP (NBLX) is Bullish.
What is the RSI signal for Noble Midstream Partners LP (NBLX) stock?
Noble Midstream Partners LP (NBLX) has an RSI value of 61.6973. This indicates that the stock is currently neutral.
What is the MACD signal for Noble Midstream Partners LP (NBLX) stock?
The MACD indicator for Noble Midstream Partners LP (NBLX) has a value of 0.104216, indicating a bearish trend.
What are the support and resistance levels for Noble Midstream Partners LP (NBLX) stock?
Noble Midstream Partners LP (NBLX) has a support level at 14.88 and a resistance level at 15.47. Check the full technical report for our detailed analysis of NBLX support and resistance levels.