
CHINA PETROLEUM & CHEM-ADR (SNP) Technical Analysis
NYSE:SNP • US16941R1086
Current stock price
SNP Technical Rating and Analysis
Overall SNP gets a technical rating of 1 out of 10. SNP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- SNP is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 66% are performing better than SNP.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, SNP outperforms 61% of them, which is more or less in line with the market.
- SNP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SNP is lagging the market.
- In the last month SNP has a been trading in the 44.21 - 48.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SNP Weekly and Daily overview Charts
SNP Setup Rating and Analysis
Although the technical rating is bad, SNP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 44.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SNP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
SNP Support and Resistance Analysis
41.41
We found 3 important support areas.
- A support zone ranging from 43.67 to 44.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @42.69 from a horizontal line in the weekly time frame.
- A support zone ranging from 41.83 to 41.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 45.84 to 46.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 47.81 to 47.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 48.62 to 48.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @53.69 from a trend line in the weekly time frame.
- A resistance zone ranging from 55.02 to 55.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
SNP 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 | NEUTRAL | NEUTRAL | The long term trend for SNP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SNP is down. |
| ChartMill Relative Strength | 61.65 | NEUTRAL | SNP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SNP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SNP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.91 | NEUTRAL | The RSI value for SNP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests SNP has a negative trend. |
| Stochastics (14,3) | 15.5 | OVERSOLD | The low Stochastics value suggests SNP may be oversold. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for SNP suggests some volalility. |
| Average Directional Index/ADX (14) | 8.45 | NEGATIVE | The low ADX value for SNP suggests a weak or negative trend. |
SNP Chart- and CandleStick Pattern Analysis
SNP Technicals: Chart, Performance Metrics, Trend & Indicators
45.66
-0.13 (-0.28%)
CHINA PETROLEUM & CHEM-ADR / SNP TA FAQ
What is the technical rating for SNP stock?
ChartMill assigns a technical rating of 1 / 10 to SNP.
What is the current trend direction of CHINA PETROLEUM & CHEM-ADR (SNP) stock?
The current trend direction for CHINA PETROLEUM & CHEM-ADR (SNP) is Bearish.
What is the RSI signal for CHINA PETROLEUM & CHEM-ADR (SNP) stock?
CHINA PETROLEUM & CHEM-ADR (SNP) has an RSI value of 44.9069. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CHINA PETROLEUM & CHEM-ADR?
The short term momentum for CHINA PETROLEUM & CHEM-ADR (SNP) is negative.