PBF LOGISTICS LP (PBFX) Stock Technical Analysis
USA - NYSE:PBFX - US69318Q1040
Taking everything into account, PBFX scores 8 out of 10 in our technical rating. 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.
Although PBFX has an excellent technical rating, it does not present a decent entry opportunity 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.
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12.75
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.
2 important resistance areas can be observed.
- 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. |
19.9
-0.49 (-2.4%)
PBF LOGISTICS LP / PBFX FAQ
What is the technical rating for PBFX stock?
ChartMill assigns a technical rating of 7 / 10 to PBFX.
What is the current trend direction of PBF LOGISTICS LP (PBFX) stock?
The current trend direction for PBF LOGISTICS LP (PBFX) is Bullish.
Can you provide the RSI signal for PBF LOGISTICS LP?
PBF LOGISTICS LP (PBFX) has an RSI value of 35.51. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PBF LOGISTICS LP?
The buy/sell signal for PBF LOGISTICS LP (PBFX) is hold as the short term and long term trends are mixed.
What is the support and resistance level for PBFX stock?
PBF LOGISTICS LP (PBFX) has a support level at 18.21 and a resistance level at 21.32. Check the full technical report for our detailed analysis of PBFX support and resistance levels.