USA - NYSE:NGL - US62913M1071
We assign a technical rating of 10 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.
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.
4.08
We found 4 important support areas.
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 | 97.46 | POSITIVE | NGL has a high relative strength, it outperformed 97.46% 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) | 89.93 | OVERBOUGHT | The high RSI value suggests NGL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests NGL has a positive trend. |
| Stochastics (14,3) | 98.32 | OVERBOUGHT | The high Stochastics value suggests NGL may be overbought. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for NGL suggests some volalility. |
| Average Directional Index/ADX (14) | 40.2 | POSITIVE | The high ADX value value for NGL suggests a strong trend. |
9.52
+0.32 (+3.48%)
ChartMill assigns a technical rating of 10 / 10 to NGL.
The current trend direction for NGL ENERGY PARTNERS LP (NGL) is Bullish.
NGL ENERGY PARTNERS LP (NGL) has an RSI value of 89.9286. This indicates that the stock is currently overbought.
The MACD indicator for NGL ENERGY PARTNERS LP (NGL) has a value of 0.323433, indicating a bearish trend.
NGL ENERGY PARTNERS LP (NGL) has a support level at 6.65. Check the full technical report for our detailed analysis of NGL support and resistance levels.