PLAINS GP HOLDINGS LP-CL A (PAGP) Stock Technical Analysis
NASDAQ:PAGP • US72651A2078
Taking everything into account, PAGP scores 8 out of 10 in our technical rating. 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.
- A new 52 week high is currently being made by PAGP, 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 PAGP has a been trading in the 20.07 - 22.28 range, which is quite wide. It is currently trading near the high of this range.
- PAGP has an average volume of 1888990 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, PAGP turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- PAGP is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, PAGP did better than 49% of them.
Although PAGP 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
18.58
We found 3 important support areas.
- Support @20.69 from a horizontal line in the daily time frame.
- A support zone ranging from 20.04 to 20.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.77 from a horizontal line in the daily 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 | 67.33 | 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) | 78.67 | OVERBOUGHT | The high RSI value suggests PAGP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests PAGP has a positive trend. |
| Stochastics (14,3) | 96.48 | OVERBOUGHT | The high Stochastics value suggests PAGP may be overbought. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for PAGP suggests low volalility. |
| Average Directional Index/ADX (14) | 45.95 | POSITIVE | The high ADX value value for PAGP suggests a strong trend. |
22.27
+0.19 (+0.86%)
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 78.673. 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 0.0808386, 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.