NATURAL RESOURCE PARTNERS LP (NRP) Stock Technical Analysis
NYSE:NRP - New York Stock Exchange, Inc. - US63900P6088 - Currency: USD
We assign a technical rating of 6 out of 10 to NRP. NRP has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Warning: NRP has an average volume of 24192 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
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 NRP has a been trading in the 92.65 - 102.64 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, NRP outperforms 48% of them, which is more or less in line with the market.
NRP is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, NRP did better than 61% of them.
NRP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NRP is lagging the market.
NRP has an average technical rating and the quality of the presented setup is also not ideal 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
85.15
112.11
3 important support areas can be observed.
- A support zone ranging from 96.11 to 98.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 92.89 to 94.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 86.01 to 86.16. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @100.28 from a trend line in the daily time frame.
- A resistance zone ranging from 111.00 to 111.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NRP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NRP is up. |
| ChartMill Relative Strength | 48.28 | NEUTRAL | NRP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NRP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NRP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NRP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.54 | NEUTRAL | The RSI value for NRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests NRP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.54 | NEUTRAL | The Stochastics value for NRP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for NRP suggests some volalility. |
| Average Directional Index/ADX (14) | 30.05 | POSITIVE | The high ADX value value for NRP 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 |
|---|---|---|---|
| 100.29 | 96.39 | 3.90 (3.89%) | 25.00% |
| An entry @100.29. This is a Buy Stop order right above the resistance zone. | An exit @96.39. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.90 points, which is 3.89%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%. |
- 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.
100.16
-1.28 (-1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.26%
1 Week2.61%
2 Weeks1.9%
1 Month7.63%
3 Month-2.71%
6 Month-7.12%
12 Month11.81%
2 Year57.98%
3 Year147.07%
5 Year901.6%
10 Year233.87%
15 Year-61.04%
Volatility
ATR(14)1.91
ATR(20)%2.36%
ATR Inc-19.24%
Range Today1.73
ADR(20)2.31
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.28
Mansfield-0.84
10 Day High102.64
10 Day Low96.4
20 Day High102.64
20 Day Low92.65
52 Week High113.04
52 Week Low81.74
CS1 End98.96
CR1 Start100.28
Volume & EV
DER(3)-3.99%
DER(5)-2.07%
Volume11.80K
Volume Incr-43.47%
Vol(5)14.72K
Vol(50)24.19K