STEEL PARTNERS HOLDINGS LP (SPLP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SPLP - US85814R1077
Overall SPLP gets a technical rating of 0 out of 10. SPLP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, SPLP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 35.89. Right above this resistance zone may be a good entry point.
More info and screens
35.15
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 35.89 to 35.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @41.05 from a trend line in the weekly time frame.
- Resistance @41.74 from a trend line in the daily time frame.
- Resistance @42.95 from a horizontal line in the daily time frame.
- Resistance @43.98 from a trend 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 | DOWN | NEGATIVE | The long term trend for SPLP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPLP is down. |
| ChartMill Relative Strength | 31.25 | NEUTRAL | SPLP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPLP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPLP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPLP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.32 | NEUTRAL | The RSI value for SPLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests SPLP has a positive trend. |
| Stochastics (14,3) | 68.33 | NEUTRAL | The Stochastics value for SPLP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.6 | HIGH VOLATILITY | The high ATR as a percentage value for SPLP suggests high volalility. |
| Average Directional Index/ADX (14) | 30.35 | POSITIVE | The high ADX value value for SPLP suggests a strong trend. |
35.5
+0.95 (+2.76%)
STEEL PARTNERS HOLDINGS LP / SPLP FAQ
Can you provide the ChartMill technical rating for STEEL PARTNERS HOLDINGS LP?
ChartMill assigns a technical rating of 0 / 10 to SPLP.
Can you provide the trend direction for STEEL PARTNERS HOLDINGS LP?
The current trend direction for STEEL PARTNERS HOLDINGS LP (SPLP) is Bearish.
Can you provide the RSI signal for STEEL PARTNERS HOLDINGS LP?
STEEL PARTNERS HOLDINGS LP (SPLP) has an RSI value of 45.3225. This indicates that the stock is currently neutral.
Can you provide the MACD signal for STEEL PARTNERS HOLDINGS LP?
The MACD indicator for STEEL PARTNERS HOLDINGS LP (SPLP) has a value of 0.213137, indicating a bearish trend.
What are the support and resistance levels for STEEL PARTNERS HOLDINGS LP (SPLP) stock?
STEEL PARTNERS HOLDINGS LP (SPLP) has a resistance level at 35.89. Check the full technical report for our detailed analysis of SPLP support and resistance levels.