TORTOISE PIPELINE & ENERGY (TTP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TTP • US89148H2076
We assign a technical rating of 7 out of 10 to TTP. In the last year, TTP was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month TTP has a been trading in the 46.26 - 53.07 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: TTP has an average volume of 8661 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Looking at the yearly performance, TTP did better than 91% of all other stocks. We also observe that the gains produced by TTP over the past year are nicely spread over this period.
- TTP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TTP is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
TTP 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
36.13
3 important support areas can be observed.
- A support zone ranging from 46.68 to 47.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.88 to 38.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.49 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 52.34 to 52.34. 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 TTP is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TTP is down. |
| ChartMill Relative Strength | 91.86 | POSITIVE | TTP has a high relative strength, it outperformed 91.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TTP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TTP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TTP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.43 | NEUTRAL | The RSI value for TTP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests TTP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.41 | OVERSOLD | The low Stochastics value suggests TTP may be oversold. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for TTP suggests some volalility. |
| Average Directional Index/ADX (14) | 22.05 | NEUTRAL | The ADX value for TTP suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 48.15 | 46.67 | 1.48 (3.07%) | 25.00% |
| An entry @48.15. This is a Buy Stop order right above the 10 day moving average. | An exit @46.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.48 points, which is 3.07%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TTP. Please evaluate whether better entry and exit points can be found.
- 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.
47.61
+0.92 (+1.97%)
TORTOISE PIPELINE & ENERGY / TTP FAQ
What is the ChartMill technical rating of TORTOISE PIPELINE & ENERGY (TTP) stock?
ChartMill assigns a technical rating of 7 / 10 to TTP.
Can you provide the trend direction for TORTOISE PIPELINE & ENERGY?
The current trend direction for TORTOISE PIPELINE & ENERGY (TTP) is Bullish.
What is the RSI signal for TTP stock?
TORTOISE PIPELINE & ENERGY (TTP) has an RSI value of 43.4257. This indicates that the stock is currently neutral.
What is the short term momentum for TORTOISE PIPELINE & ENERGY (TTP) stock?
The short term momentum for TORTOISE PIPELINE & ENERGY (TTP) is negative.
Can you provide the buy/sell signal for TORTOISE PIPELINE & ENERGY?
The buy/sell signal for TORTOISE PIPELINE & ENERGY (TTP) is hold as the short term and long term trends are mixed.