SUBURBAN PROPANE PARTNERS LP (SPH) Stock Technical Analysis
USA - NYSE:SPH - US8644821048
Taking everything into account, SPH scores 4 out of 10 in our technical rating. SPH has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
SPH has only a medium 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 18.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.84, 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.
More info and screens
16.84
When analyzing the support we can see 3 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 17.75 to 17.91. 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.
We found 1 important resistance area.
- A resistance zone ranging from 18.87 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 | 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 | 32.92 | 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 | MIXED | The current price of SPH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.7 | 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) | 81.98 | OVERBOUGHT | The high Stochastics value suggests SPH may be overbought. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for SPH suggests low volalility. |
| Average Directional Index/ADX (14) | 8.78 | NEGATIVE | The low ADX value for SPH suggests a weak or negative trend. |
18.87
-0.02 (-0.11%)
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 55.6961. 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 0.0341328, 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.