PLAINS ALL AMER PIPELINE LP (PAA) Stock Technical Analysis
NASDAQ:PAA • US7265031051
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by PAA, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month PAA has a been trading in the 18.86 - 20.93 range, which is quite wide. It is currently trading near the high of this range.
- PAA has an average volume of 3464480 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 66% of all stocks.
- PAA is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, PAA did better than 48% of them.
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
18.63
We found 2 important support areas.
- A support zone ranging from 19.79 to 20.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 18.82 to 19.21. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 66.06 | 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) | 74.92 | OVERBOUGHT | The high RSI value suggests PAA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests PAA has a positive trend. |
| Stochastics (14,3) | 94.95 | OVERBOUGHT | The high Stochastics value suggests PAA may be overbought. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for PAA suggests some volalility. |
| Average Directional Index/ADX (14) | 42.2 | POSITIVE | The high ADX value value for PAA suggests a strong trend. |
20.89
+0.19 (+0.92%)
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 74.9197. 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 20.05. Check the full technical report for our detailed analysis of PAA support and resistance levels.