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DCP Midstream LP (DCP) Stock Technical Analysis

NYSE:DCP - New York Stock Exchange, Inc. - US23311P1003 - Currency: USD

41.69  +0.03 (+0.07%)

After market: 41.7 +0.01 (+0.02%)

Technical Rating and Analysis

7

Overall DCP gets a technical rating of 7 out of 10. DCP has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, DCP did better than 87% of all other stocks.
DCP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 89% of 210 stocks in the same industry.
DCP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month DCP has a been trading in a tight range between 41.40 and 41.73.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
DCP Midstream LP / DCP Weekly stock chart
DCP Midstream LP / DCP Daily stock chart
Setup Rating and Analysis

6

DCP 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.

Support and Resistance Analysis

34.12

42.51

3 important support areas can be observed.

  • A support zone ranging from 41.41 to 41.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 38.11 to 38.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @34.46 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 41.98 to 42.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.9
Mansfield-0.22
10 Day High41.73
10 Day Low41.4
20 Day High41.73
20 Day Low41.4
52 Week High42.15
52 Week Low26.44
Performance
1 Week0.26%
2 Weeks0.24%
1 Month0.55%
3 Month0.65%
6 Month7.61%
12 Month41.13%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)63.28
LBB41.54
UBB41.67
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
41.7441.390.35 (0.84%)25.00%
An entry @41.74. This is a Buy Stop order right above the 10 day high.An exit @41.39. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.35 points, which is 0.84%.For a 0.21% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
DCP Midstream LP / DCP Daily stock chart

DCP Midstream LP

NYSE:DCP (6/14/2023, 8:24:35 PM)

After market: 41.7 +0.01 (+0.02%)

41.69

+0.03 (+0.07%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.07%
1 Week0.26%
2 Weeks0.24%
1 Month0.55%
3 Month0.65%
6 Month7.61%
12 Month41.13%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.17%
ATR Inc-2.56%
Range Today0.05
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.9
Mansfield-0.22
10 Day High41.73
10 Day Low41.4
20 Day High41.73
20 Day Low41.4
52 Week High42.15
52 Week Low26.44
CS1 End41.66
CR1 Start41.98
Volume & EV
DER(3)-2.93%
DER(5)-2.27%
Volume9.52M
Volume Incr740.03%
Vol(5)4.05M
Vol(50)992.52K