PBF LOGISTICS LP (PBFX) Technical Analysis
NYSE:PBFX • US69318Q1040
Current stock price
PBFX Technical Rating and Analysis
Overall PBFX gets a technical rating of 8 out of 10. In the last year, PBFX was one of the better performers, but we do observe some doubts in the very recent evolution.
- 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.
- Looking at the yearly performance, PBFX did better than 98% of all other stocks. We also observe that the gains produced by PBFX over the past year are nicely spread over this period.
- PBFX is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. PBFX outperforms 97% of them.
- PBFX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PBFX is performing more or less in line with the market.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
PBFX Weekly and Daily overview Charts
PBFX Setup Rating and Analysis
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
PBFX Support and Resistance Analysis
12.75
6 important support areas can be observed.
- 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.
PBFX 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 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. |
PBFX Chart- and CandleStick Pattern Analysis
PBFX Technicals: Chart, Performance Metrics, Trend & Indicators
19.9
-0.49 (-2.4%)
PBF LOGISTICS LP / PBFX TA FAQ
What is the technical rating for PBFX stock?
ChartMill assigns a technical rating of 7 / 10 to PBFX.
Can you provide the trend direction for PBF LOGISTICS LP?
The current trend direction for PBF LOGISTICS LP (PBFX) is Bullish.
What is the RSI signal for PBFX stock?
PBF LOGISTICS LP (PBFX) has an RSI value of 35.51. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PBF LOGISTICS LP?
The MACD indicator for PBF LOGISTICS LP (PBFX) has a value of -0.27576, indicating a bearish trend.
Can you provide the support and resistance levels for PBF LOGISTICS LP?
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.