TESORO LOGISTICS LP (TLLP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TLLP • US88160T1079
Taking everything into account, TLLP scores 2 out of 10 in our technical rating. TLLP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- TLLP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, TLLP outperforms 61% of them, which is more or less in line with the market.
- TLLP is currently trading in the middle of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So TLLP is doing better than the market!
TLLP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
44.02
2 important support areas can be observed.
- A support zone ranging from 48.96 to 49.12. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @44.46 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 52.31 to 52.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 53.57 to 53.73. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for TLLP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TLLP is neutral. |
| ChartMill Relative Strength | 61.43 | NEUTRAL | TLLP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TLLP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TLLP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TLLP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.78 | NEUTRAL | The RSI value for TLLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests TLLP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.46 | NEUTRAL | The Stochastics value for TLLP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for TLLP suggests some volalility. |
52.13
+0.13 (+0.25%)
TESORO LOGISTICS LP / TLLP FAQ
What is the ChartMill technical rating of TESORO LOGISTICS LP (TLLP) stock?
ChartMill assigns a technical rating of 2 / 10 to TLLP.
Can you provide the trend direction for TESORO LOGISTICS LP?
The current trend direction for TESORO LOGISTICS LP (TLLP) is Bearish.
What is the RSI signal for TLLP stock?
TESORO LOGISTICS LP (TLLP) has an RSI value of 51.7801. This indicates that the stock is currently neutral.
What is the MACD signal for TLLP stock?
The MACD indicator for TESORO LOGISTICS LP (TLLP) has a value of -0.107414, indicating a bearish trend.
What are the support and resistance levels for TESORO LOGISTICS LP (TLLP) stock?
TESORO LOGISTICS LP (TLLP) has a support level at 49.12 and a resistance level at 52.31. Check the full technical report for our detailed analysis of TLLP support and resistance levels.