NGL ENERGY PARTNERS LP (NGL) Stock Technical Analysis
NYSE:NGL - New York Stock Exchange, Inc. - US62913M1071 - Currency: USD
Taking everything into account, NGL scores 8 out of 10 in our technical rating. NGL has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
NGL is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 92% of 208 stocks in the same industry.
In the last month NGL has a been trading in the 3.94 - 4.86 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.
When comparing the yearly performance of all stocks, we notice that NGL is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
NGL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NGL is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NGL has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.92
5.59
We found 3 important support areas.
- A support zone ranging from 4.83 to 4.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.23 to 4.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.96 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @5.23 from a trend line in the weekly time frame.
- Resistance @5.53 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 | NEUTRAL | NEUTRAL | The long term trend for NGL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGL is up. |
| ChartMill Relative Strength | 88.02 | POSITIVE | NGL has a high relative strength, it outperformed 88.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NGL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.66 | OVERBOUGHT | The high RSI value suggests NGL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NGL has a positive trend. |
| Stochastics (14,3) | 98.4 | OVERBOUGHT | The high Stochastics value suggests NGL may be overbought. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for NGL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.56 | NEGATIVE | The low ADX value for NGL 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)
4.86
+0.22 (+4.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg4.74%
1 Week21.2%
2 Weeks11.72%
1 Month13.55%
3 Month46.83%
6 Month-0.61%
12 Month16.27%
2 Year28.57%
3 Year215.58%
5 Year10.96%
10 Year-79.83%
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%3.8%
ATR Inc22.12%
Range Today0.24
ADR(20)0.17
ADR(20)%3.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.02
Mansfield0.21
10 Day High4.86
10 Day Low3.95
20 Day High4.86
20 Day Low3.95
52 Week High5.73
52 Week Low2.64
CS1 End4.85
CR1 Start5.23
Volume & EV
DER(3)-8.59%
DER(5)-7.75%
Volume867.80K
Volume Incr141.74%
Vol(5)1.01M
Vol(50)538.34K