SUBURBAN PROPANE PARTNERS LP (SPH) Stock Technical Analysis
NYSE:SPH • US8644821048
Overall SPH gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SPH is a bad performer.
- 62% of all other stocks performed better in the past year than SPH.
- SPH is one of the lesser performing stocks in the Gas Utilities industry. 92% of 15 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- In the last month SPH has a been trading in the 19.31 - 20.59 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- 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.
SPH has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- 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
17.57
When analyzing the support we notice one important area.
- A support zone ranging from 17.75 to 18.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @21.80 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for SPH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPH is up. |
| ChartMill Relative Strength | 38.9 | NEUTRAL | SPH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPH is above the rising 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) | UP | POSITIVE | The current price of SPH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.46 | NEUTRAL | The RSI value for SPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SPH has a negative trend. |
| Stochastics (14,3) | 82.53 | OVERBOUGHT | The high Stochastics value suggests SPH may be overbought. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for SPH suggests some volalility. |
| Average Directional Index/ADX (14) | 17.97 | NEGATIVE | The low ADX value for SPH suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.56 | 19.74 | 0.82 (3.99%) | 25.00% |
| An entry @20.56. This is a Buy Stop order right above the 10 day high. | An exit @19.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.82 points, which is 3.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
20.22
-0.3 (-1.46%)
SUBURBAN PROPANE PARTNERS LP / SPH FAQ
What is the technical rating for SPH stock?
ChartMill assigns a technical rating of 7 / 10 to SPH.
What is the current trend direction of SUBURBAN PROPANE PARTNERS LP (SPH) stock?
The current trend direction for SUBURBAN PROPANE PARTNERS LP (SPH) is Bullish.
What is the RSI signal for SUBURBAN PROPANE PARTNERS LP (SPH) stock?
SUBURBAN PROPANE PARTNERS LP (SPH) has an RSI value of 56.4562. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SUBURBAN PROPANE PARTNERS LP?
The MACD indicator for SUBURBAN PROPANE PARTNERS LP (SPH) has a value of -0.0199615, indicating a bearish trend.
What is the buy/sell signal for SUBURBAN PROPANE PARTNERS LP (SPH) stock?
The buy/sell signal for SUBURBAN PROPANE PARTNERS LP (SPH) is buy as both the short term and long term trends are positive.