CHINA PETROLEUM & CHEM-ADR (SNP) Stock Technical Analysis
NYSE:SNP - New York Stock Exchange, Inc. - US16941R1086 - ADR - Currency: USD
Taking everything into account, SNP scores 1 out of 10 in our technical rating. 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 one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 72% of 211 stocks in the same industry.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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 has a bad technical rating, but it does show a decent setup pattern. 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.
More info and screens
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.
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. |
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)
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%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1
ATR(20)%2.48%
ATR Inc-29.1%
Range Today0.66
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
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