GLOBAL X MLP & ENERGY INFRAS (MLPX) Stock Technical Analysis
NYSEARCA:MLPX - NYSE Arca - US37954Y2937 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to MLPX. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
MLPX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, MLPX did better than 83% of all other stocks. On top of that, MLPX also shows a nice and consistent pattern of rising prices.
MLPX 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 MLPX is lagging the market slightly.
MLPX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 62.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MLPX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
49.69
67.87
3 important support areas can be observed.
- A support zone ranging from 61.69 to 62.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.21 from a horizontal line in the daily time frame.
- Support @50.19 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 62.42 to 63.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @67.20 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.63
Mansfield0.59
10 Day High63.65
10 Day Low61.58
20 Day High66.18
20 Day Low61.41
52 Week High67.47
52 Week Low45.33
Performance
1 Week-0.88%
2 Weeks-1.36%
1 Month-5.61%
3 Month-3.12%
6 Month16.54%
12 Month35.9%
2 Year54.92%
3 Year56.52%
5 Year100.9%
10 Year10.93%
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)-0.14
RSI(14)45.56
LBB61.64
UBB64.22
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 |
|---|---|---|---|
| 63.19 | 61.68 | 1.51 (2.39%) | 25.00% |
| An entry @63.19. This is a Buy Stop order right above the resistance zone. | An exit @61.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.51 points, which is 2.39%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- The distance between exit and entry is rather small compared to the average daily movement of MLPX. 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.
62.2
-0.81 (-1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.29%
1 Week-0.88%
2 Weeks-1.36%
1 Month-5.61%
3 Month-3.12%
6 Month16.54%
12 Month35.9%
2 Year54.92%
3 Year56.52%
5 Year100.9%
10 Year10.93%
15 YearN/A
Volatility
ATR(14)1.2
ATR(20)%2.08%
ATR Inc4.76%
Range Today1.28
ADR(20)1.22
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.63
Mansfield0.59
10 Day High63.65
10 Day Low61.58
20 Day High66.18
20 Day Low61.41
52 Week High67.47
52 Week Low45.33
CS1 End62.19
CR1 Start62.42
Volume & EV
DER(3)5.68%
DER(5)4.77%
Volume513.60K
Volume Incr-40.58%
Vol(5)483.70K
Vol(50)694.83K