SRLP Technical Analysis - SPRAGUE RESOURCES LP

Technical Rating and Analysis

Overall SRLP gets a technical rating of 7 out of 10. Both in the recent history as in the last year, SRLP has proven to be a steady performer, scoring decent points in every aspect analyzed.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

SRLP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 91% of 213 stocks in the same industry.

SRLP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SRLP is leading the market.

When comparing the yearly performance of all stocks, we notice that SRLP is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

In the last month SRLP has a been trading in a tight range between 19.67 and 20.40.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SPRAGUE RESOURCES LP / SRLP Weekly stock chart

SPRAGUE RESOURCES LP / SRLP Daily stock chart

Setup Rating and Analysis

Although SRLP has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.64

20.59

We found 2 important support areas.

A support zone ranging from 19.65 to 19.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 18.83 to 18.94. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 20.09 to 20.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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 SRLP is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SRLP is neutral.
ChartMill Relative Strength	91.95	POSITIVE	SRLP has a high relative strength, it outperformed 91.95% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SRLP is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SRLP is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SRLP is above the rising SMA(200).
Relative Strength Index/RSI (14)	53.32	NEUTRAL	The RSI value for SRLP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests SRLP has a negative trend.
Stochastics (14,3)	38.93	NEUTRAL	The Stochastics value for SRLP is a neutral value.
Average True Range in percent/ATR (20)	0.51	LOW VOLATILITY	The low ATR as a percentage value for SRLP suggests low volalility.
Average Directional Index/ADX (14)	22.14	NEUTRAL	The ADX value for SRLP suggests a possible start of a new trend.