SHELL MIDSTREAM PARTNERS LP (SHLX) Stock Technical Analysis
NYSE:SHLX - New York Stock Exchange, Inc. - US8226341019 - Currency: USD
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!
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. We also observe that the gains produced by SHLX over the past year are nicely spread over this period.
SHLX is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. SHLX outperforms 96% of them.
SHLX is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SHLX is leading 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 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
16.23
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.
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. |
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)
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%. | 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%)
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 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.15%
ATR Inc27.27%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
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
CS1 End15.82
CR1 Start15.82
Volume & EV
DER(3)0.35%
DER(5)2.05%
Volume23.67M
Volume Incr300.69%
Vol(5)5.86M
Vol(50)1.86M