PLAINS ALL AMER PIPELINE LP (PAA) Stock Technical Analysis
USA - NASDAQ:PAA - US7265031051
Taking everything into account, PAA scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. PAA was also a bad performer in the overall market in the last year.
PAA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.95, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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 can see 2 important areas.
- A support zone ranging from 16.67 to 16.95. 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 17.46 to 17.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for PAA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAA is up. |
| ChartMill Relative Strength | 39.66 | 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) | DOWN | MIXED | The current price of PAA is above a declining 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) | 57.98 | NEUTRAL | The RSI value for PAA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests PAA has a positive trend. |
| Stochastics (14,3) | 81.87 | OVERBOUGHT | The high Stochastics value suggests PAA may be overbought. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for PAA suggests low volalility. |
| Average Directional Index/ADX (14) | 18.34 | NEGATIVE | The low ADX value for PAA suggests a weak or negative trend. |
16.99
+0.04 (+0.24%)
PLAINS ALL AMER PIPELINE LP / PAA FAQ
What is the technical rating for PAA stock?
ChartMill assigns a technical rating of 2 / 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 Bearish.
Can you provide the RSI signal for PLAINS ALL AMER PIPELINE LP?
PLAINS ALL AMER PIPELINE LP (PAA) has an RSI value of 57.9799. 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 hold as the short term and long term trends are mixed.