NGL ENERGY PARTNERS LP (NGL) Stock Technical Analysis
NYSE:NGL - New York Stock Exchange, Inc. - US62913M1071 - Currency: USD
Taking everything into account, NGL scores 6 out of 10 in our technical rating. NGL has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, NGL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.27, a Stop Loss order could be placed below this zone.
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3.66
We found 2 important support areas.
- A support zone ranging from 4.23 to 4.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.70 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 4.49 to 4.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 @4.83 from a horizontal line in the daily time frame.
- Resistance @5.27 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 | 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 | 71.29 | POSITIVE | NGL has a high relative strength, it outperformed 71.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NGL is below a declining 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) | DOWN | NEGATIVE | The current price of NGL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.89 | NEUTRAL | The RSI value for NGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NGL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.79 | NEUTRAL | The Stochastics value for NGL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for NGL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.63 | NEGATIVE | The low ADX value for NGL suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 4.50 | 4.22 | 0.28 (6.22%) | 16.07% |
| An entry @4.50. This is a Buy Stop order right above the resistance zone. | An exit @4.22. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.28 points, which is 6.22%. | For a 1.00% total portfolio risk, you can invest 16.07% of your capital in this trade. |
- 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.
4.29
+0.03 (+0.7%)