SHELL MIDSTREAM PARTNERS LP (SHLX)

US8226341019

15.82  -0.01 (-0.06%)

After market: 15.84 +0.02 (+0.13%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to SHLX. Both in the recent history as in the last year, SHLX has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SHLX did better than 94% of all other stocks. On top of that, SHLX also shows a nice and consistent pattern of rising prices.
SHLX is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry. SHLX outperforms 95% of them.
SHLX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
SHLX has an average volume of 1859790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SHLX has a been trading in a tight range between 15.79 and 15.85.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
SHLX Weekly chart
SHLX Daily chart
Setup Rating and Analysis

7

SHLX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 15.82, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

10.84

16.23

We found 6 important support areas.

  • A support zone ranging from 15.60 to 15.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @14.60 from a trend line in the daily time frame.
  • Support @14.15 from a horizontal line in the daily time frame.
  • Strong support @13.86 from a horizontal line in the daily time frame.
  • A support zone ranging from 13.60 to 13.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @10.95 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 15.82 to 16.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94
Mansfield2.74
10 Day High15.85
10 Day Low15.81
20 Day High15.85
20 Day Low15.79
52 Week High16.08
52 Week Low10.76
Performance
1 Week0%
2 Weeks0%
1 Month0.13%
3 Month9.41%
6 Month11.64%
12 Month28.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)57.36
LBB15.81
UBB15.84
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
15.8315.800.03 (0.20%)25.00%
An entry @15.83. This is a Buy Stop order right above the 10 day moving average.An exit @15.80. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.03 points, which is 0.20%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.05%.

  • The distance between exit and entry is rather small compared to the average daily movement of SHLX. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SHLX Daily chart

SHELL MIDSTREAM PARTNERS LP

NYSE:SHLX (10/18/2022, 7:12:57 PM)

After market: 15.84 +0.02 (+0.13%)

15.82

-0.01 (-0.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.06%
1 Week0%
2 Weeks0%
1 Month0.13%
3 Month9.41%
6 Month11.64%
12 Month28.1%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.02
ATR(20)%0.15%
ATR Inc
Range Today0.03
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High15.85
10 Day Low15.81
20 Day High15.85
20 Day Low15.79
52 Week High16.08
52 Week Low10.76
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume23.67M
Volume Incr300.69%
Vol(5)5.86M
Vol(50)1.86M