SUBURBAN PROPANE PARTNERS LP (SPH) Stock Technical Analysis
USA - NYSE:SPH - US8644821048
We assign a technical rating of 3 out of 10 to SPH. SPH has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
SPH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 18.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.62, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SPH 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.
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16.84
3 important support areas can be observed.
- A support zone ranging from 18.33 to 18.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.75 to 17.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.01 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.69 to 19.04. 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 | DOWN | NEGATIVE | The long term trend for SPH is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPH is up. |
| ChartMill Relative Strength | 47.92 | 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) | 53.8 | NEUTRAL | The RSI value for SPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SPH has a positive trend. |
| Stochastics (14,3) | 66.44 | NEUTRAL | The Stochastics value for SPH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for SPH suggests low volalility. |
| Average Directional Index/ADX (14) | 11.13 | NEGATIVE | The low ADX value for SPH suggests a weak or negative trend. |
18.67
+0.03 (+0.16%)