SUBURBAN PROPANE PARTNERS LP (SPH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SPH - US8644821048
Overall SPH gets a technical rating of 4 out of 10. In the last year, SPH was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
SPH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 18.80, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
16.84
2 important support areas can be observed.
- A support zone ranging from 17.75 to 18.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.01 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 18.87 to 19.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 19.37 to 19.44. 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 SPH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPH is neutral. |
| ChartMill Relative Strength | 53.82 | NEUTRAL | SPH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SPH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.21 | NEUTRAL | The RSI value for SPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SPH has a positive trend. |
| Stochastics (14,3) | 57.01 | NEUTRAL | The Stochastics value for SPH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for SPH suggests some volalility. |
| Average Directional Index/ADX (14) | 15.67 | NEGATIVE | The low ADX value for SPH suggests a weak or negative trend. |
18.81
+0.12 (+0.64%)
SUBURBAN PROPANE PARTNERS LP / SPH FAQ
What is the technical rating for SPH stock?
ChartMill assigns a technical rating of 4 / 10 to SPH.
Can you provide the trend direction for SUBURBAN PROPANE PARTNERS LP?
The current trend direction for SUBURBAN PROPANE PARTNERS LP (SPH) is Bearish.
What is the RSI signal for SUBURBAN PROPANE PARTNERS LP (SPH) stock?
SUBURBAN PROPANE PARTNERS LP (SPH) has an RSI value of 53.2111. This indicates that the stock is currently neutral.
What is the MACD signal for SUBURBAN PROPANE PARTNERS LP (SPH) stock?
The MACD indicator for SUBURBAN PROPANE PARTNERS LP (SPH) has a value of 0.0150256, indicating a bearish trend.
Can you provide the short term momentum for SUBURBAN PROPANE PARTNERS LP?
The short term momentum for SUBURBAN PROPANE PARTNERS LP (SPH) is neutral.