NGL ENERGY PARTNERS LP (NGL) Stock Technical Analysis
USA - NYSE:NGL - US62913M1071
6.06 USD
+0.06 (+1%)
6.15 USD
+0.09 (+1.49%)
We assign a technical rating of 9 out of 10 to NGL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NGL is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
NGL is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 91% of 211 stocks in the same industry.
NGL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NGL is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that NGL is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month NGL has a been trading in the 5.56 - 7.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
NGL has an excellent technical rating and also presents 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 very little resistance above the current price.
More info and screens
4.54
6.12
3 important support areas can be observed.
- A support zone ranging from 5.99 to 6.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.79 from a trend line in the weekly time frame.
- Support @4.59 from a trend line in the daily 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 | UP | POSITIVE | The long term trend for NGL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGL is up. |
| ChartMill Relative Strength | 89.26 | POSITIVE | NGL has a high relative strength, it outperformed 89.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NGL is below 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) | 54.36 | NEUTRAL | The RSI value for NGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests NGL has a negative trend. |
| Stochastics (14,3) | 21.68 | NEUTRAL | The Stochastics value for NGL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for NGL suggests some volalility. |
| Average Directional Index/ADX (14) | 48.23 | POSITIVE | The high ADX value value for NGL suggests a strong 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)
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 |
|---|---|---|---|
| 6.35 | 5.98 | 0.37 (5.89%) | 16.99% |
| An entry @6.35. This is a Buy Stop order right above the 10 day moving average. | An exit @5.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.37 points, which is 5.89%. | When investing 16.99% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NGL. 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.
6.06
+0.06 (+1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1%
1 Week-5.61%
2 Weeks-8.04%
1 Month9.58%
3 Month41.92%
6 Month60.32%
12 Month37.42%
2 Year43.94%
3 Year342.34%
5 Year152.5%
10 Year-67.28%
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%4.33%
ATR Inc-44.78%
Range Today0.18
ADR(20)0.26
ADR(20)%4.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.26
Mansfield1.98
10 Day High7.15
10 Day Low5.93
20 Day High7.15
20 Day Low5.56
52 Week High7.15
52 Week Low2.64
CS1 End6.05
CR1 StartN/A
Volume & EV
DER(3)-3.67%
DER(5)-4.42%
Volume160.58K
Volume Incr-67.93%
Vol(5)201.79K
Vol(50)623.91K