NGL ENERGY PARTNERS LP (NGL) Stock Technical Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that NGL is one of the better performing stocks in the market, outperforming 95% of all stocks.
- NGL is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 95% of 206 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.
- NGL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, NGL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
4.08
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.45 to 11.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.03 to 10.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.26 from a trend line in the daily time frame.
- Support @4.12 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @12.21 from a horizontal 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 | 95.21 | POSITIVE | NGL has a high relative strength, it outperformed 95.21% 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) | 56.77 | NEUTRAL | The RSI value for NGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NGL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.14 | NEUTRAL | The Stochastics value for NGL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.6 | HIGH VOLATILITY | The high ATR as a percentage value for NGL suggests high volalility. |
| Average Directional Index/ADX (14) | 27.37 | POSITIVE | The high ADX value value for NGL suggests a strong trend. |
11.46
-0.5 (-4.18%)
NGL ENERGY PARTNERS LP / NGL FAQ
What is the technical rating for NGL stock?
ChartMill assigns a technical rating of 10 / 10 to NGL.
What is the current trend direction of NGL ENERGY PARTNERS LP (NGL) stock?
The current trend direction for NGL ENERGY PARTNERS LP (NGL) is Bullish.
Can you provide the RSI signal for NGL ENERGY PARTNERS LP?
NGL ENERGY PARTNERS LP (NGL) has an RSI value of 56.7745. This indicates that the stock is currently neutral.
What is the short term momentum for NGL stock?
The short term momentum for NGL ENERGY PARTNERS LP (NGL) is positive.
What is the support and resistance level for NGL stock?
NGL ENERGY PARTNERS LP (NGL) has a support level at 11.45 and a resistance level at 12.21. Check the full technical report for our detailed analysis of NGL support and resistance levels.