PLAINS ALL AMER PIPELINE LP (PAA) Stock Technical Analysis
NASDAQ:PAA - Nasdaq - US7265031051 - Currency: USD
Taking everything into account, PAA scores 7 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
In the last month PAA has a been trading in the 17.61 - 18.95 range, which is quite wide. It is currently trading near the high of this range.
PAA has an average volume of 3165110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, PAA outperforms 40% of them, which is more or less in line with the market.
PAA is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, PAA did better than 53% of them.
PAA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PAA is lagging the market.
Besides having an excellent technical rating, PAA also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
15.87
20.68
We found 3 important support areas.
- A support zone ranging from 18.16 to 18.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.95 from a trend line in the daily time frame.
- A support zone ranging from 16.03 to 16.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important 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 | 40.25 | 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) | UP | POSITIVE | The current price of PAA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.41 | NEUTRAL | The RSI value for PAA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PAA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.87 | OVERBOUGHT | The high Stochastics value suggests PAA may be overbought. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for PAA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.12 | NEGATIVE | The low ADX value for PAA suggests a weak or negative 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 |
|---|---|---|---|
| 18.96 | 18.15 | 0.81 (4.27%) | 23.41% |
| An entry @18.96. This is a Buy Stop order right above the 10 day high. | An exit @18.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.81 points, which is 4.27%. | When investing 23.41% 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.
18.73
-0.15 (-0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.79%
1 Week2.02%
2 Weeks2.57%
1 Month4.75%
3 Month5.58%
6 Month-6.63%
12 Month-0.53%
2 Year25.87%
3 Year69.66%
5 Year145.16%
10 Year-55.14%
15 Year-39.02%
Volatility
ATR(14)0.34
ATR(20)%2.21%
ATR Inc-1.82%
Range Today0.37
ADR(20)0.4
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.25
Mansfield-0.42
10 Day High18.95
10 Day Low18.02
20 Day High18.95
20 Day Low17.61
52 Week High21
52 Week Low15.58
CS1 End18.52
CR1 Start20.48
Volume & EV
DER(3)2.68%
DER(5)1.84%
Volume2.38M
Volume Incr-32.88%
Vol(5)2.27M
Vol(50)3.17M