SPRAGUE RESOURCES LP (SRLP) Technical Analysis
NYSE:SRLP • US8493431089
Current stock price
SRLP Technical Rating and Analysis
Overall SRLP gets a technical rating of 7 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SRLP is showing a nice and steady performance.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- 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.
- Looking at the yearly performance, SRLP did better than 91% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- SRLP is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 69% of 209 stocks in the same industry.
- In the last month SRLP has a been trading in a tight range between 19.67 and 20.40.
SRLP Weekly and Daily overview Charts
SRLP Setup Rating and Analysis
SRLP has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
SRLP Support and Resistance Analysis
18.64
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.
When analyzing the resistance we notice one important 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.
SRLP 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. |
SRLP Chart- and CandleStick Pattern Analysis
SRLP Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:SRLP (10/31/2022, 8:04:01 PM)
20
+0.02 (+0.1%)
SPRAGUE RESOURCES LP / SRLP TA FAQ
What is the technical rating for SRLP stock?
ChartMill assigns a technical rating of 6 / 10 to SRLP.
Can you provide the trend direction for SPRAGUE RESOURCES LP?
The current trend direction for SPRAGUE RESOURCES LP (SRLP) is Bullish.
What is the RSI signal for SRLP stock?
SPRAGUE RESOURCES LP (SRLP) has an RSI value of 53.3188. This indicates that the stock is currently neutral.
What is the MACD signal for SRLP stock?
The MACD indicator for SPRAGUE RESOURCES LP (SRLP) has a value of -0.0222129, indicating a bearish trend.