SHELL MIDSTREAM PARTNERS LP (SHLX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SHLX - US8226341019
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.
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
10.84
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.
When analyzing the resistance we notice one important 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.
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. |
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 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.
15.82
-0.01 (-0.06%)
SHELL MIDSTREAM PARTNERS LP / SHLX FAQ
Can you provide the ChartMill technical rating for SHELL MIDSTREAM PARTNERS LP?
ChartMill assigns a technical rating of 9 / 10 to SHLX.
Can you provide the trend direction for SHELL MIDSTREAM PARTNERS LP?
The current trend direction for SHELL MIDSTREAM PARTNERS LP (SHLX) is Bullish.
Can you provide the RSI signal for SHELL MIDSTREAM PARTNERS LP?
SHELL MIDSTREAM PARTNERS LP (SHLX) has an RSI value of 57.3603. This indicates that the stock is currently neutral.
What is the MACD signal for SHLX stock?
The MACD indicator for SHELL MIDSTREAM PARTNERS LP (SHLX) has a value of -0.00652692, indicating a bearish trend.
What is the buy/sell signal for SHLX stock?
The buy/sell signal for SHELL MIDSTREAM PARTNERS LP (SHLX) is buy as both the short term and long term trends are positive.