TXO PARTNERS LP (TXO) Stock Technical Analysis
NYSE:TXO • US87313P1030
Overall TXO gets a technical rating of 4 out of 10. In the past year, TXO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, TXO is a bad performer in the overall market: 84% of all stocks are doing better.
- TXO is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 85% of 206 stocks in the same industry do better.
- TXO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month TXO has a been trading in the 10.68 - 12.94 range, which is quite wide. It is currently trading near the high of this range.
TXO has an average technical rating and also 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
11.60
When analyzing the support we notice one important area.
- A support zone ranging from 11.72 to 12.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 12.62 to 12.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.14 from a horizontal line in the daily time frame.
- Resistance @16.25 from a trend line in the weekly 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 TXO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TXO is up. |
| ChartMill Relative Strength | 16.15 | NEGATIVE | TXO has a low relative strength, it was outperformed by 83.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TXO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TXO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TXO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.07 | NEUTRAL | The RSI value for TXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests TXO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.08 | OVERBOUGHT | The high Stochastics value suggests TXO may be overbought. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for TXO suggests some volalility. |
| Average Directional Index/ADX (14) | 37.41 | POSITIVE | The high ADX value value for TXO suggests a strong trend. |
12.61
+0.02 (+0.16%)
TXO PARTNERS LP / TXO FAQ
Can you provide the ChartMill technical rating for TXO PARTNERS LP?
ChartMill assigns a technical rating of 4 / 10 to TXO.
What is the trend direction for TXO stock?
The current trend direction for TXO PARTNERS LP (TXO) is Bearish.
Can you provide the RSI signal for TXO PARTNERS LP?
TXO PARTNERS LP (TXO) has an RSI value of 66.0713. This indicates that the stock is currently neutral.
What is the short term momentum for TXO stock?
The short term momentum for TXO PARTNERS LP (TXO) is positive.
What are the support and resistance levels for TXO PARTNERS LP (TXO) stock?
TXO PARTNERS LP (TXO) has a support level at 12.03 and a resistance level at 12.62. Check the full technical report for our detailed analysis of TXO support and resistance levels.