TALLGRASS ENERGY PARTNERS LP (TEP) Stock Technical Analysis
NYSE:TEP - New York Stock Exchange, Inc. - US8746971055
We assign a technical rating of 4 out of 10 to TEP. TEP has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When compared to the yearly performance of all other stocks, TEP outperforms 49% of them, which is more or less in line with the market.
TEP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TEP is lagging the market slightly.
In the last month TEP has a been trading in the 42.73 - 47.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
TEP has an average technical rating and it also does not offer a high quality setup 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
39.43
48.11
When analyzing the support we notice one important area.
- Support @39.83 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 43.37 to 43.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 46.29 to 47.63. 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 | UP | POSITIVE | The long term trend for TEP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TEP is neutral. |
| ChartMill Relative Strength | 49.16 | NEUTRAL | TEP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TEP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TEP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TEP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.18 | NEUTRAL | The RSI value for TEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TEP has a negative trend. |
| Stochastics (14,3) | 41.3 | NEUTRAL | The Stochastics value for TEP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for TEP suggests some volalility. |
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)
43.31
-1.68 (-3.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.73%
1 Week-3.33%
2 Weeks0.65%
1 Month-0.78%
3 Month14.3%
6 Month-5.54%
12 Month-13.54%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.53
ATR(20)%3.28%
ATR Inc53.5%
Range Today2.09
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.16
Mansfield-0.61
10 Day High47.79
10 Day Low43.04
20 Day High47.79
20 Day Low42.73
52 Week High52.84
52 Week Low34.37
CS1 End39.83
CR1 Start43.37
Volume & EV
DER(3)-4.21%
DER(5)-6.55%
Volume1.39M
Volume Incr369.85%
Vol(5)1.44M
Vol(50)367.40K