PLAINS ALL AMER PIPELINE LP (PAA) Technical Analysis
NASDAQ:PAA • US7265031051
Current stock price
PAA Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to PAA. Both in the recent history as in the last year, PAA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- PAA is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 63% of 208 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- PAA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PAA is leading the market.
- In the last month PAA has a been trading in the 20.27 - 22.29 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- PAA has an average volume of 3952700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, PAA did better than 81% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
PAA Weekly and Daily overview Charts
PAA Setup Rating and Analysis
Besides having an excellent technical rating, PAA also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 21.47, a Stop Loss order could be placed below this zone.
More info and screens
PAA Support and Resistance Analysis
20.56
We found 1 important support area.
- A support zone ranging from 20.77 to 21.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @21.68 from a trend line in the daily time frame.
- A resistance zone ranging from 22.08 to 22.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
PAA Technical Indicator Signal Analysis
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 | 81.31 | POSITIVE | PAA has a high relative strength, it outperformed 81.31% off all stocks 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) | 61.41 | NEUTRAL | The RSI value for PAA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PAA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.42 | NEUTRAL | The Stochastics value for PAA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for PAA suggests some volalility. |
| Average Directional Index/ADX (14) | 36.45 | POSITIVE | The high ADX value value for PAA suggests a strong trend. |
PAA Chart- and CandleStick Pattern Analysis
PAA Example Setup
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 |
|---|---|---|---|
| 21.69 | 20.95 | 0.74 (3.41%) | 25.00% |
| An entry @21.69. This is a Buy Stop order right above the resistance zone. | An exit @20.95. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.74 points, which is 3.41%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.85%. |
- 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.
PAA Technicals: Chart, Performance Metrics, Trend & Indicators
21.67
-0.09 (-0.41%)
PLAINS ALL AMER PIPELINE LP / PAA TA FAQ
What is the technical rating for PAA stock?
ChartMill assigns a technical rating of 9 / 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 61.4083. 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 21.47 and a resistance level at 21.68. Check the full technical report for our detailed analysis of PAA support and resistance levels.