CHINA PETROLEUM & CHEM-ADR (SNP)       46.92  +0.09 (+0.19%)

46.92  +0.09 (+0.19%)

US16941R1086 - ADR - After market: 46.92 0 (0%)

Technical Rating

We assign a technical rating of 3 out of 10 to SNP. In the past year, SNP was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.



In the last month SNP has a been trading in the 42.72 - 47.82 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the performance of all stocks over the past year, SNP turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
SNP is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
SNP is part of the Oil, Gas & Consumable Fuels industry. There are 391 other stocks in this industry, of which 79% are performing better than SNP.

Statistics

1 Month 3 Months 6 Months 12 Months 6.08% -5.88% -14.72% 1.56% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 56.84 40.6 - 55.03
SNP Weekly chart
SNP Daily chart

Support/Resistance Analysis


41.41

56.16
4 important support areas can be observed.
  • A support zone ranging from 45.91 to 46.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @45.17 from a trend line in the daily time frame.
  • A support zone ranging from 42.69 to 43.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • 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.
When analyzing the resistance we notice 4 important areas.
  • Resistance @47.30 from a horizontal line in the daily time frame.
  • Resistance @48.26 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 53.79 to 53.86. This zone is formed by a combination of multiple trend lines 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.

Setup Analysis

Setup Rating

SNP has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


SNP Daily chart

CHINA PETROLEUM & CHEM-ADR46.92

NYSE:SNP (8/10/2022, 5:16:01 PM)+0.09 (+0.19%)

After market: 46.92 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today 0.19% 1 Week 2.53%
2 Weeks -0.78% 1 Month 6.08%
3 Month -5.88% 6 Month -14.72%
Volatility
ATR(14) 0.83 ATR(20)% 1.99%
ATR Inc 4.99% Range Today 0.63
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 56.84 Mansfield -0.06
10 Day High 47.82 10 Day Low 44.6
20 Day High 47.82 20 Day Low 42.72
52 Week High 55.03 52 Week Low 40.6
CS1 End 46.64 CR1 Start 47.3
Volume & EV
DER(3) 1.12% DER(5) -0.65%
Volume 100.86K Volume Incr -25.75%
Vol(5) 128.92K Vol(50) 224.70K

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