TALLGRASS ENERGY PARTNERS LP (TEP) Stock Technical Analysis
NYSE:TEP • US8746971055
Overall TEP gets a technical rating of 4 out of 10. In the last year, TEP was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the performance of all stocks over the past year, TEP turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
- TEP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TEP is lagging the market.
- 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
We found 1 important support area.
- Support @39.83 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- 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. |
43.31
-1.68 (-3.73%)
TALLGRASS ENERGY PARTNERS LP / TEP FAQ
Can you provide the ChartMill technical rating for TALLGRASS ENERGY PARTNERS LP?
ChartMill assigns a technical rating of 4 / 10 to TEP.
Can you provide the trend direction for TALLGRASS ENERGY PARTNERS LP?
The current trend direction for TALLGRASS ENERGY PARTNERS LP (TEP) is Bullish.
What is the RSI signal for TEP stock?
TALLGRASS ENERGY PARTNERS LP (TEP) has an RSI value of 46.1828. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TALLGRASS ENERGY PARTNERS LP?
The MACD indicator for TALLGRASS ENERGY PARTNERS LP (TEP) has a value of -0.0314935, indicating a bearish trend.