We assign a technical rating of 7 out of 10 to PAA. In the last year, PAA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Besides having an excellent technical rating, PAA also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.69
When analyzing the support we notice one important area.
- A support zone ranging from 15.85 to 16.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 17.62 to 18.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @18.44 from a horizontal line in the daily time frame.
- A resistance zone ranging from 18.91 to 18.93. 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 | UP | POSITIVE | The long term trend for PAA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAA is up. |
| ChartMill Relative Strength | 53.45 | NEUTRAL | PAA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PAA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PAA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.46 | NEUTRAL | The RSI value for PAA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PAA has a negative trend. |
| Stochastics (14,3) | 49.75 | NEUTRAL | The Stochastics value for PAA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for PAA suggests low volalility. |
| Average Directional Index/ADX (14) | 32.31 | POSITIVE | The high ADX value value for PAA suggests a strong 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 |
|---|---|---|---|
| 17.63 | 17.32 | 0.31 (1.78%) | 25.00% |
| An entry @17.63. This is a Buy Stop order right above the 10 day moving average. | An exit @17.32. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.31 points, which is 1.78%. | For a 0.44% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PAA. Please evaluate whether better entry and exit points can be found.
- 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.
17.55
-0.1 (-0.57%)
PLAINS ALL AMER PIPELINE LP / PAA FAQ
What is the technical rating for PAA stock?
ChartMill assigns a technical rating of 7 / 10 to PAA.
What is the current trend direction of PLAINS ALL AMER PIPELINE LP (PAA) stock?
The current trend direction for PLAINS ALL AMER PIPELINE LP (PAA) is Bullish.
Can you provide the RSI signal for PLAINS ALL AMER PIPELINE LP?
PLAINS ALL AMER PIPELINE LP (PAA) has an RSI value of 54.457. This indicates that the stock is currently neutral.
What is the short term momentum for PLAINS ALL AMER PIPELINE LP (PAA) stock?
The short term momentum for PLAINS ALL AMER PIPELINE LP (PAA) is positive.
What is the buy/sell signal for PAA stock?
The buy/sell signal for PLAINS ALL AMER PIPELINE LP (PAA) is buy as both the short term and long term trends are positive.