TXO PARTNERS LP (TXO) Technical Analysis
NYSE:TXO • US87313P1030
Current stock price
TXO Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to TXO. TXO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, TXO is a bad performer in the overall market: 77% of all stocks are doing better.
- TXO is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 85% of 209 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.
- In the last month TXO has a been trading in the 12.05 - 13.38 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
TXO Weekly and Daily overview Charts
TXO Setup Rating and Analysis
TXO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.19, 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
TXO Support and Resistance Analysis
12.07
We found 1 important support area.
- Support @12.19 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 12.39 to 12.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.85 to 13.15. 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 @15.69 from a trend line in the weekly time frame.
TXO Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for TXO is down. |
| ChartMill Relative Strength | 23.7 | NEGATIVE | TXO has a low relative strength, it was outperformed by 76.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TXO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TXO is below the rising 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) | 42 | NEUTRAL | The RSI value for TXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests TXO has a negative trend. |
| Stochastics (14,3) | 22.31 | NEUTRAL | The Stochastics value for TXO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for TXO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.42 | NEGATIVE | The low ADX value for TXO suggests a weak or negative trend. |
TXO Chart- and CandleStick Pattern Analysis
TXO Technicals: Chart, Performance Metrics, Trend & Indicators
12.2
-0.14 (-1.13%)
TXO PARTNERS LP / TXO TA FAQ
Can you provide the ChartMill technical rating for TXO PARTNERS LP?
ChartMill assigns a technical rating of 1 / 10 to TXO.
What is the trend direction for TXO stock?
The current trend direction for TXO PARTNERS LP (TXO) is Bearish.
What is the RSI signal for TXO stock?
TXO PARTNERS LP (TXO) has an RSI value of 41.9978. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TXO PARTNERS LP?
The MACD indicator for TXO PARTNERS LP (TXO) has a value of -0.0742247, indicating a bearish trend.