PBF LOGISTICS LP (PBFX) Stock Technical Analysis
NYSE:PBFX - New York Stock Exchange, Inc. - US69318Q1040 - Currency: USD
We assign a technical rating of 8 out of 10 to PBFX. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month PBFX has a been trading in the 19.68 - 22.37 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
When comparing the yearly performance of all stocks, we notice that PBFX is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, PBFX also shows a nice and consistent pattern of rising prices.
PBFX is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry. PBFX outperforms 98% of them.
PBFX 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 PBFX is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although PBFX 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
12.75
22.41
When analyzing the support we can see 6 important areas.
- Support @18.21 from a trend line in the daily time frame.
- Support @16.96 from a horizontal line in the daily time frame.
- Support @15.09 from a trend line in the weekly time frame.
- Support @14.00 from a trend line in the daily time frame.
- Support @13.53 from a trend line in the weekly time frame.
- A support zone ranging from 12.88 to 12.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 21.32 to 21.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.19 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 PBFX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PBFX is down. |
| ChartMill Relative Strength | 98.09 | POSITIVE | PBFX has a high relative strength, it outperformed 98.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PBFX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PBFX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PBFX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.51 | NEUTRAL | The RSI value for PBFX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests PBFX has a negative trend. |
| Stochastics (14,3) | 10.88 | OVERSOLD | The low Stochastics value suggests PBFX may be oversold. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for PBFX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.46 | POSITIVE | The high ADX value value for PBFX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
19.9
-0.49 (-2.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.4%
1 Week-9.42%
2 Weeks-10.32%
1 Month-9.42%
3 Month8.45%
6 Month18.1%
12 Month74.56%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%3.12%
ATR Inc24.68%
Range Today0.88
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.09
Mansfield2.32
10 Day High22.25
10 Day Low19.68
20 Day High22.37
20 Day Low19.68
52 Week High22.6
52 Week Low10.65
CS1 End18.21
CR1 Start21.32
Volume & EV
DER(3)6.82%
DER(5)7.72%
Volume6.89M
Volume Incr534.08%
Vol(5)1.77M
Vol(50)440.05K