NGL ENERGY PARTNERS LP (NGL) Stock Technical Analysis
NYSE:NGL - New York Stock Exchange, Inc. - US62913M1071 - Currency: USD
We assign a technical rating of 5 out of 10 to NGL. In the past year, NGL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
71% of all other stocks performed better in the past year than NGL.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month NGL has a been trading in the 3.10 - 4.86 range, which is quite wide. It is currently trading near the high of this range.
NGL is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 43% of 213 stocks in the same industry.
NGL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NGL is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NGL has an average technical rating and it also does not offer a high quality setup 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
3.41
5.36
We found 1 important support area.
- A support zone ranging from 3.44 to 3.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.68 to 4.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.31 from a trend 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 | 29.35 | NEGATIVE | NGL has a low relative strength, it was outperformed by 70.65% 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) | 71.15 | OVERBOUGHT | The high RSI value suggests NGL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests NGL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.5 | OVERBOUGHT | The high Stochastics value suggests NGL may be overbought. |
| Average True Range in percent/ATR (20) | 5.64 | HIGH VOLATILITY | The high ATR as a percentage value for NGL suggests high volalility. |
| Average Directional Index/ADX (14) | 31.51 | 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)
4.67
+0.14 (+3.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.09%
1 Week7.6%
2 Weeks28.65%
1 Month38.17%
3 Month0.21%
6 Month-0.85%
12 Month-10.71%
2 Year20.05%
3 Year207.24%
5 Year19.74%
10 Year-84.6%
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%5.64%
ATR Inc45.79%
Range Today0.46
ADR(20)0.25
ADR(20)%5.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.35
Mansfield0.29
10 Day High4.86
10 Day Low3.64
20 Day High4.86
20 Day Low3.1
52 Week High5.73
52 Week Low2.64
CS1 End3.44
CR1 Start4.68
Volume & EV
DER(3)3.29%
DER(5)2.55%
Volume991.60K
Volume Incr40.03%
Vol(5)565.50K
Vol(50)438.61K