CHINA PETROLEUM & CHEM-ADR (SNP)

US16941R1086 - ADR

45.66  -0.13 (-0.28%)

After market: 45.66 0 (0%)

Technical Rating

1

We assign a technical rating of 1 out of 10 to SNP. 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 375 other stocks in this industry. SNP outperforms 80% of them.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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 61% of all stocks.
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.

Statistics

1 Month 3 Months 6 Months 12 Months -2.69% -1.28% 3.23% -6.26% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 61.65 40.6 - 55.03
SNP Weekly chart
SNP Daily chart

Support/Resistance Analysis


41.41

56.16
When analyzing the support we can see 3 important 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.
When analyzing the resistance we notice 5 important 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.

Setup Analysis

Setup Rating

8

Although the technical rating is bad, SNP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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.

SNP Daily chart

CHINA PETROLEUM & CHEM-ADR

NYSE:SNP (9/8/2022, 7:11:58 PM)

After market: 45.66 0 (0%)

45.66

-0.13 (-0.28%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.28%
1 Week-1.85%
2 Weeks-1.95%
1 Month-2.69%
3 Month-1.28%
6 Month3.23%
12 Month-6.26%
Volatility
ATR(14)1
ATR(20)%2.48%
ATR Inc-29.1%
Range Today0.66
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.65
Mansfield0.08
10 Day High48.85
10 Day Low45.35
20 Day High48.85
20 Day Low44.21
52 Week High55.03
52 Week Low40.6
CS1 End44.19
CR1 Start45.84
Volume & EV
DER(3)4.34%
DER(5)2.92%
Volume137.00K
Volume Incr-43.38%
Vol(5)293.96K
Vol(50)327.23K
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