Teekay Lng Partners LP (TGP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TGP - Common Stock
We assign a technical rating of 8 out of 10 to TGP. Both in the recent history as in the last year, TGP has proven to be a steady performer, scoring decent points in every aspect analyzed.
TGP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 17.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.97, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.61
2 important support areas can be observed.
- A support zone ranging from 16.77 to 16.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.76 to 14.96. 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 17.01 to 17.19. 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 TGP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGP is up. |
| ChartMill Relative Strength | 85.46 | POSITIVE | TGP has a high relative strength, it outperformed 85.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TGP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TGP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.19 | NEUTRAL | The RSI value for TGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TGP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.96 | OVERBOUGHT | The high Stochastics value suggests TGP may be overbought. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for TGP suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.01 | 16.91 | 0.10 (0.59%) | 25.00% |
| An entry @17.01. This is a Buy Stop order right above the 10 day high. | An exit @16.91. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 0.59%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
16.98
-0.01 (-0.06%)
Teekay Lng Partners LP / TGP FAQ
What is the ChartMill technical rating of Teekay Lng Partners LP (TGP) stock?
ChartMill assigns a technical rating of 7 / 10 to TGP.
Can you provide the trend direction for Teekay Lng Partners LP?
The current trend direction for Teekay Lng Partners LP (TGP) is Bullish.
Can you provide the RSI signal for Teekay Lng Partners LP?
Teekay Lng Partners LP (TGP) has an RSI value of 61.1896. This indicates that the stock is currently neutral.
What is the short term momentum for TGP stock?
The short term momentum for Teekay Lng Partners LP (TGP) is positive.
What is the buy/sell signal for Teekay Lng Partners LP (TGP) stock?
The buy/sell signal for Teekay Lng Partners LP (TGP) is buy as both the short term and long term trends are positive.