SUBURBAN PROPANE PARTNERS LP (SPH) Stock Technical Analysis
USA - NYSE:SPH - US8644821048
18.74 USD
+0.27 (+1.46%)
18.74 USD
0 (0%)
Overall SPH gets a technical rating of 3 out of 10. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
SPH is one of the lesser performing stocks in the Gas Utilities industry. 84% of 14 stocks in the same industry do better.
When compared to the yearly performance of all other stocks, SPH outperforms 45% of them, which is more or less in line with the market.
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.
In the last month SPH has a been trading in a tight range between 18.04 and 18.75.
Although the technical rating is bad, SPH does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.75. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
16.84
19.23
We found 3 important support areas.
- 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 17.88. 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 18.75 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 | NEUTRAL | NEUTRAL | The short term trend for SPH is neutral. |
| ChartMill Relative Strength | 45.36 | 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) | 55.26 | 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) | 77.46 | NEUTRAL | The Stochastics value for SPH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for SPH suggests low volalility. |
| Average Directional Index/ADX (14) | 11.73 | NEGATIVE | The low ADX value for SPH suggests a weak or negative 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)
18.74
+0.27 (+1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg1.46%
1 Week3.59%
2 Weeks1.19%
1 Month2.85%
3 Month1.85%
6 Month-9.56%
12 Month0.27%
2 Year6.54%
3 Year14.62%
5 Year13.99%
10 Year-45.52%
15 Year-65.61%
Volatility
ATR(14)0.31
ATR(20)%1.59%
ATR Inc26.39%
Range Today0.37
ADR(20)0.29
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.36
Mansfield-1.17
10 Day High18.75
10 Day Low18.04
20 Day High18.75
20 Day Low18.04
52 Week High22.24
52 Week Low16.92
CS1 End18.62
CR1 Start18.75
Volume & EV
DER(3)-1.9%
DER(5)0.45%
Volume77.30K
Volume Incr-8.07%
Vol(5)98.12K
Vol(50)111.66K