SHELL MIDSTREAM PARTNERS LP (SHLX) Stock Technical Analysis
NYSE:SHLX - New York Stock Exchange, Inc. - US8226341019 - Currency: USD
We assign a technical rating of 10 out of 10 to SHLX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHLX is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SHLX did better than 94% of all other stocks. We also observe that the gains produced by SHLX over the past year are nicely spread over this period.
SHLX is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 93% of 210 stocks in the same industry.
SHLX 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.
SHLX has an average volume of 1859790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SHLX has a been trading in a tight range between 15.79 and 15.85.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, SHLX also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 15.82, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
10.84
16.23
When analyzing the support we can see 6 important areas.
- A support zone ranging from 15.60 to 15.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.60 from a trend line in the daily time frame.
- Support @14.15 from a horizontal line in the daily time frame.
- Strong support @13.86 from a horizontal line in the daily time frame.
- A support zone ranging from 13.60 to 13.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.95 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.82 to 16.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94
Mansfield2.74
10 Day High15.85
10 Day Low15.81
20 Day High15.85
20 Day Low15.79
52 Week High16.08
52 Week Low10.76
Performance
1 Week0%
2 Weeks0%
1 Month0.13%
3 Month9.41%
6 Month11.64%
12 Month28.1%
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)-0.01
RSI(14)57.36
LBB15.81
UBB15.84
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 |
|---|---|---|---|
| 15.83 | 15.80 | 0.03 (0.20%) | 25.00% |
| An entry @15.83. This is a Buy Stop order right above the 10 day moving average. | An exit @15.80. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.03 points, which is 0.20%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.05%. |
- The distance between exit and entry is rather small compared to the average daily movement of SHLX. 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.
15.82
-0.01 (-0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.06%
1 Week0%
2 Weeks0%
1 Month0.13%
3 Month9.41%
6 Month11.64%
12 Month28.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.15%
ATR Inc27.27%
Range Today0.03
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
CRS94
Mansfield2.74
10 Day High15.85
10 Day Low15.81
20 Day High15.85
20 Day Low15.79
52 Week High16.08
52 Week Low10.76
CS1 End15.82
CR1 Start15.82
Volume & EV
DER(3)0.35%
DER(5)2.05%
Volume23.67M
Volume Incr300.69%
Vol(5)5.86M
Vol(50)1.86M