PLAINS ALL AMER PIPELINE LP (PAA) Stock Technical Analysis
NASDAQ:PAA - US7265031051
17.69 USD
-0.31 (-1.72%)
17.75 USD
+0.06 (+0.34%)
We assign a technical rating of 1 out of 10 to PAA. PAA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
PAA has an average volume of 2735330 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 42% of them, which is more or less in line with the market.
PAA is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, PAA did better than 45% 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.
In the last month PAA has a been trading in a tight range between 17.28 and 18.27.
Although the technical rating is bad, PAA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.68, 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.
More info and screens
16.23
19.12
We found 3 important support areas.
- A support zone ranging from 17.45 to 17.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.85 from a trend line in the weekly time frame.
- A support zone ranging from 16.39 to 16.55. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 17.75 to 18.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for PAA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PAA is neutral. |
| ChartMill Relative Strength | 42.06 | NEUTRAL | PAA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PAA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PAA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PAA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.15 | NEUTRAL | The RSI value for PAA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests PAA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76 | 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) | 19.06 | 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)
17.69
-0.31 (-1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.72%
1 Week1.2%
2 Weeks1.14%
1 Month-1.34%
3 Month1.43%
6 Month-8.58%
12 Month1.84%
2 Year15.47%
3 Year68.16%
5 Year195.82%
10 Year-41.77%
15 Year-43.76%
Volatility
ATR(14)0.3
ATR(20)%1.98%
ATR Inc-2.06%
Range Today0.33
ADR(20)0.35
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.06
Mansfield-1
10 Day High18.02
10 Day Low17.28
20 Day High18.27
20 Day Low17.28
52 Week High21
52 Week Low15.58
CS1 End17.68
CR1 Start17.75
Volume & EV
DER(3)4.73%
DER(5)2.44%
Volume2.30M
Volume Incr-23.54%
Vol(5)2.39M
Vol(50)2.74M