PLAINS GP HOLDINGS LP-CL A (PAGP) Stock Technical Analysis
NASDAQ:PAGP • US72651A2078
Overall PAGP gets a technical rating of 8 out of 10. Although PAGP 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.
- PAGP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PAGP is lagging the market slightly.
- In the last month PAGP has a been trading in the 20.07 - 21.61 range, which is quite wide. It is currently trading near the high of this range.
- PAGP has an average volume of 1831770 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, PAGP outperforms 68% of them, which is more or less in line with the market.
- PAGP is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, PAGP did better than 55% of them.
PAGP has an excellent technical rating, but the quality of the setup is only medium 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
18.36
When analyzing the support we notice one important area.
- A support zone ranging from 18.55 to 18.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @21.60 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 PAGP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAGP is up. |
| ChartMill Relative Strength | 68.82 | NEUTRAL | PAGP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PAGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PAGP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.02 | OVERBOUGHT | The high RSI value suggests PAGP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PAGP has a positive trend. |
| Stochastics (14,3) | 89.57 | OVERBOUGHT | The high Stochastics value suggests PAGP may be overbought. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for PAGP suggests low volalility. |
| Average Directional Index/ADX (14) | 44.43 | POSITIVE | The high ADX value value for PAGP suggests a strong trend. |
21.59
+0.37 (+1.74%)
PLAINS GP HOLDINGS LP-CL A / PAGP FAQ
Can you provide the ChartMill technical rating for PLAINS GP HOLDINGS LP-CL A?
ChartMill assigns a technical rating of 8 / 10 to PAGP.
Can you provide the trend direction for PLAINS GP HOLDINGS LP-CL A?
The current trend direction for PLAINS GP HOLDINGS LP-CL A (PAGP) is Bullish.
What is the RSI signal for PAGP stock?
PLAINS GP HOLDINGS LP-CL A (PAGP) has an RSI value of 72.0222. This indicates that the stock is currently overbought.
Can you provide the MACD signal for PLAINS GP HOLDINGS LP-CL A?
The MACD indicator for PLAINS GP HOLDINGS LP-CL A (PAGP) has a value of 0.00780935, indicating a bearish trend.
Can you provide the buy/sell signal for PLAINS GP HOLDINGS LP-CL A?
The buy/sell signal for PLAINS GP HOLDINGS LP-CL A (PAGP) is buy as both the short term and long term trends are positive.