Overall PAA gets a technical rating of 8 out of 10. Although PAA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, PAA also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 18.16, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PAA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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15.69
When analyzing the support we can see 2 important areas.
- A support zone ranging from 17.36 to 18.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
We found 1 important resistance area.
- Resistance @20.48 from a horizontal 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 PAA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAA is up. |
| ChartMill Relative Strength | 56.33 | 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 | MIXED | The current price of PAA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.05 | OVERBOUGHT | The high RSI value suggests PAA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests PAA has a positive trend. |
| Stochastics (14,3) | 81.31 | OVERBOUGHT | The high Stochastics value suggests PAA may be overbought. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for PAA suggests low volalility. |
| Average Directional Index/ADX (14) | 29.86 | 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 |
|---|---|---|---|
| 18.62 | 17.52 | 1.10 (5.91%) | 16.93% |
| An entry @18.62. This is a Buy Stop order right above the 10 day high. | An exit @17.52. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.10 points, which is 5.91%. | When investing 16.93% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
18.6
+0.2 (+1.09%)
PLAINS ALL AMER PIPELINE LP / PAA FAQ
What is the technical rating for PAA stock?
ChartMill assigns a technical rating of 8 / 10 to PAA.
What is the trend direction for 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 70.0451. This indicates that the stock is currently overbought.
Can you provide the short term momentum for PLAINS ALL AMER PIPELINE LP?
The short term momentum for PLAINS ALL AMER PIPELINE LP (PAA) is positive.
What are the support and resistance levels for PLAINS ALL AMER PIPELINE LP (PAA) stock?
PLAINS ALL AMER PIPELINE LP (PAA) has a support level at 18.16 and a resistance level at 20.48. Check the full technical report for our detailed analysis of PAA support and resistance levels.