USD PARTNERS LP (USDP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:USDP - US9033181036
We assign a technical rating of 0 out of 10 to USDP. USDP'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 98% of all other stocks performed better in the past year than USDP.
- USDP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 93% of 207 stocks in the same industry do better.
- USDP is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month USDP has a been trading in the 0.30 - 0.52 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of USDP is bad and it also does not present a quality setup 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.
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0.31
When analyzing the resistance we notice 2 important areas.
- Resistance @0.35 from a trend line in the daily time frame.
- A resistance zone ranging from 0.36 to 0.36. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for USDP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for USDP is down. |
| ChartMill Relative Strength | 2.34 | NEGATIVE | USDP has a low relative strength, it was outperformed by 97.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of USDP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of USDP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of USDP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 24.99 | OVERSOLD | The low RSI value suggests USDP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests USDP has a negative trend. |
| Stochastics (14,3) | 8.14 | OVERSOLD | The low Stochastics value suggests USDP may be oversold. |
| Average True Range in percent/ATR (20) | 15.96 | HIGH VOLATILITY | The high ATR as a percentage value for USDP suggests high volalility. |
| Average Directional Index/ADX (14) | 49.24 | POSITIVE | The high ADX value value for USDP suggests a strong trend. |
NYSE:USDP (11/15/2023, 8:04:55 PM)
0.3151
0 (-1.53%)
USD PARTNERS LP / USDP FAQ
What is the technical rating for USDP stock?
ChartMill assigns a technical rating of 0 / 10 to USDP.
What is the current trend direction of USD PARTNERS LP (USDP) stock?
The current trend direction for USD PARTNERS LP (USDP) is Bearish.
Can you provide the RSI signal for USD PARTNERS LP?
USD PARTNERS LP (USDP) has an RSI value of 24.993. This indicates that the stock is currently oversold.
Can you provide the MACD signal for USD PARTNERS LP?
The MACD indicator for USD PARTNERS LP (USDP) has a value of -0.00101102, indicating a bearish trend.
What is the buy/sell signal for USD PARTNERS LP (USDP) stock?
The buy/sell signal for USD PARTNERS LP (USDP) is sell as both the short term and long term trends are negative.