SUBURBAN PROPANE PARTNERS LP (SPH) Stock Technical Analysis
NYSE:SPH - New York Stock Exchange, Inc. - US8644821048 - Currency: USD
We assign a technical rating of 1 out of 10 to SPH. SPH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
67% 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 92% are performing better than SPH.
In the last month SPH has a been trading in the 17.63 - 19.40 range, which is quite wide. It is currently trading near the high of this range.
SPH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SPH is lagging the market slightly.
Volume is considerably higher 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 very little resistance above the current price. There is a support zone below the current price at 18.84, a Stop Loss order could be placed below this zone.
More info and screens
16.84
22.07
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.33 to 18.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.01 to 17.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @20.61 from a trend line in the daily time frame.
- A resistance zone ranging from 21.62 to 21.85. 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 | NEUTRAL | NEUTRAL | The short term trend for SPH is neutral. |
| ChartMill Relative Strength | 33.96 | 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) | 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) | 52.58 | NEUTRAL | The RSI value for SPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests SPH has a positive trend. |
| Stochastics (14,3) | 75.68 | NEUTRAL | The Stochastics value for SPH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for SPH suggests some volalility. |
| Average Directional Index/ADX (14) | 26.92 | POSITIVE | The high ADX value value for SPH suggests a strong 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)
19.04
+0.11 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0.58%
1 Week3.82%
2 Weeks3.14%
1 Month0.37%
3 Month-8.33%
6 Month9.8%
12 Month2.81%
2 Year28.65%
3 Year24.77%
5 Year33.15%
10 Year-52.26%
15 Year-59.32%
Volatility
ATR(14)0.5
ATR(20)%2.42%
ATR Inc-6.15%
Range Today0.56
ADR(20)0.45
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.96
Mansfield-0.35
10 Day High19.39
10 Day Low17.63
20 Day High19.4
20 Day Low17.63
52 Week High22.24
52 Week Low15.2
CS1 End18.84
CR1 Start20.61
Volume & EV
DER(3)-3.24%
DER(5)-3.61%
Volume918.70K
Volume Incr161.43%
Vol(5)367.08K
Vol(50)163.67K