SUBURBAN PROPANE PARTNERS LP (SPH) Stock Technical Analysis
NYSE:SPH - New York Stock Exchange, Inc. - US8644821048 - Currency: USD
Overall SPH gets a technical rating of 0 out of 10. SPH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
82% of all other stocks performed better in the past year than SPH.
SPH is part of the Gas Utilities industry. There are 14 other stocks in this industry, of which 100% are performing better than SPH.
In the last month SPH has a been trading in the 17.86 - 19.40 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SPH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SPH is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SPH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 18.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.92, a Stop Loss order could be placed below this zone.
More info and screens
16.84
22.07
We found 2 important support areas.
- A support zone ranging from 17.75 to 17.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 17.01 to 17.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.41 to 19.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.85 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for SPH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPH is down. |
| ChartMill Relative Strength | 18.27 | NEGATIVE | SPH has a low relative strength, it was outperformed by 81.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SPH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.8 | NEUTRAL | The RSI value for SPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SPH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.39 | NEUTRAL | The Stochastics value for SPH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for SPH suggests some volalility. |
| Average Directional Index/ADX (14) | 20.14 | NEUTRAL | The ADX value for SPH suggests a possible start of a new 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)
18.4
+0.07 (+0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0.38%
1 Week-0.33%
2 Weeks0.11%
1 Month-2.8%
3 Month-11.2%
6 Month-6.69%
12 Month-1.76%
2 Year24.49%
3 Year10.18%
5 Year38.76%
10 Year-51.69%
15 Year-62.56%
Volatility
ATR(14)0.32
ATR(20)%2.25%
ATR Inc-10.95%
Range Today0.21
ADR(20)0.41
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.27
Mansfield-1.08
10 Day High18.71
10 Day Low18.05
20 Day High19.4
20 Day Low17.86
52 Week High22.24
52 Week Low15.2
CS1 End17.92
CR1 Start18.41
Volume & EV
DER(3)-3.45%
DER(5)-2.07%
Volume89.70K
Volume Incr-57.05%
Vol(5)79.98K
Vol(50)162.72K