We assign a technical rating of 6 out of 10 to PAGP. PAGP has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, PAGP does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 18.80, 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
16.68
We found 4 important support areas.
- A support zone ranging from 18.72 to 18.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 17.73 to 17.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.25 from a horizontal line in the daily time frame.
- A support zone ranging from 16.85 to 16.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @19.30 from a horizontal line in the daily time frame.
- A resistance zone ranging from 19.75 to 20.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 PAGP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAGP is up. |
| ChartMill Relative Strength | 40.63 | NEUTRAL | PAGP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PAGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PAGP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.18 | NEUTRAL | The RSI value for PAGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PAGP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.22 | NEUTRAL | The Stochastics value for PAGP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for PAGP suggests low volalility. |
| Average Directional Index/ADX (14) | 35.39 | POSITIVE | The high ADX value value for PAGP suggests a strong trend. |
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 |
|---|---|---|---|
| 19.31 | 18.71 | 0.60 (3.11%) | 25.00% |
| An entry @19.31. This is a Buy Stop order right above the resistance zone. | An exit @18.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.60 points, which is 3.11%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%. |
- 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.
18.84
+0.09 (+0.51%)
PLAINS GP HOLDINGS LP-CL A / PAGP FAQ
What is the technical rating for PAGP stock?
ChartMill assigns a technical rating of 6 / 10 to PAGP.
What is the trend direction for PAGP stock?
The current trend direction for PLAINS GP HOLDINGS LP-CL A (PAGP) is Bearish.
What is the RSI signal for PAGP stock?
PLAINS GP HOLDINGS LP-CL A (PAGP) has an RSI value of 66.1841. This indicates that the stock is currently neutral.
What is the MACD signal for PLAINS GP HOLDINGS LP-CL A (PAGP) stock?
The MACD indicator for PLAINS GP HOLDINGS LP-CL A (PAGP) has a value of 0.0125719, indicating a bearish trend.
What are the support and resistance levels for PLAINS GP HOLDINGS LP-CL A (PAGP) stock?
PLAINS GP HOLDINGS LP-CL A (PAGP) has a support level at 18.8 and a resistance level at 19.3. Check the full technical report for our detailed analysis of PAGP support and resistance levels.