Taking everything into account, PAA scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PAA is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- PAA has an average volume of 3194060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, PAA turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
- PAA is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 56% of 207 stocks in the same industry.
- PAA is currently trading in the middle of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So PAA is doing better than the market!
- In the last month PAA has a been trading in the 17.84 - 20.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although PAA has an excellent technical rating, it does not offer a high quality setup 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
16.01
We found 3 important support areas.
- A support zone ranging from 18.72 to 19.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.55 from a horizontal line in the daily time frame.
- Support @16.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 19.32 to 19.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 59.28 | 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) | 59.84 | 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) | 52.58 | NEUTRAL | The Stochastics value for PAA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for PAA suggests low volalility. |
| Average Directional Index/ADX (14) | 48.25 | POSITIVE | The high ADX value value for PAA suggests a strong trend. |
19.2
-0.04 (-0.21%)
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 59.8411. This indicates that the stock is currently neutral.
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 19.19 and a resistance level at 19.32. Check the full technical report for our detailed analysis of PAA support and resistance levels.