SHELL MIDSTREAM PARTNERS LP (SHLX) Technical Analysis
NYSE:SHLX • US8226341019
Current stock price
SHLX Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to SHLX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHLX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SHLX is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, SHLX also shows a nice and consistent pattern of rising prices.
- SHLX is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 88% of 209 stocks in the same industry.
- 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.
SHLX Weekly and Daily overview Charts
SHLX Setup Rating and Analysis
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.
More info and screens
SHLX Support and Resistance Analysis
10.84
6 important support areas can be observed.
- 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.
SHLX 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 SHLX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHLX is up. |
| ChartMill Relative Strength | 94 | POSITIVE | SHLX has a high relative strength, it outperformed 94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHLX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.36 | NEUTRAL | The RSI value for SHLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SHLX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.67 | NEUTRAL | The Stochastics value for SHLX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for SHLX suggests low volalility. |
| Average Directional Index/ADX (14) | 20.78 | NEUTRAL | The ADX value for SHLX suggests a possible start of a new trend. |
SHLX Chart- and CandleStick Pattern Analysis
SHLX 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.83 | 15.80 | 0.03 (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 worst case loss on the trade is limited to 0.03 points, which is 0.20%. | For a 0.05% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 Technicals: Chart, Performance Metrics, Trend & Indicators
15.82
-0.01 (-0.06%)
SHELL MIDSTREAM PARTNERS LP / SHLX TA FAQ
Can you provide the ChartMill technical rating for SHELL MIDSTREAM PARTNERS LP?
ChartMill assigns a technical rating of 9 / 10 to SHLX.
What is the trend direction for SHLX stock?
The current trend direction for SHELL MIDSTREAM PARTNERS LP (SHLX) is Bullish.
What is the RSI signal for SHLX stock?
SHELL MIDSTREAM PARTNERS LP (SHLX) has an RSI value of 57.3603. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SHELL MIDSTREAM PARTNERS LP?
The short term momentum for SHELL MIDSTREAM PARTNERS LP (SHLX) is positive.
What are the support and resistance levels for SHELL MIDSTREAM PARTNERS LP (SHLX) stock?
SHELL MIDSTREAM PARTNERS LP (SHLX) has a support level at 15.82 and a resistance level at 15.82. Check the full technical report for our detailed analysis of SHLX support and resistance levels.