SUBURBAN PROPANE PARTNERS LP (SPH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SPH - US8644821048
Overall SPH gets a technical rating of 2 out of 10. SPH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, SPH does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 18.33, a Stop Loss order could be placed below this zone.
More info and screens
16.84
2 important support areas can be observed.
- A support zone ranging from 17.75 to 18.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.01 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.79 to 19.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.36 to 19.55. 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 SPH is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPH is down. |
| ChartMill Relative Strength | 56.07 | NEUTRAL | SPH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SPH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.86 | NEUTRAL | The RSI value for SPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SPH has a negative trend. |
| Stochastics (14,3) | 22.14 | NEUTRAL | The Stochastics value for SPH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for SPH suggests low volalility. |
| Average Directional Index/ADX (14) | 17.74 | NEGATIVE | The low ADX value for SPH suggests a weak or negative trend. |
18.54
-0.23 (-1.23%)
SUBURBAN PROPANE PARTNERS LP / SPH FAQ
What is the technical rating for SPH stock?
ChartMill assigns a technical rating of 2 / 10 to SPH.
Can you provide the trend direction for SUBURBAN PROPANE PARTNERS LP?
The current trend direction for SUBURBAN PROPANE PARTNERS LP (SPH) is Bearish.
What is the RSI signal for SUBURBAN PROPANE PARTNERS LP (SPH) stock?
SUBURBAN PROPANE PARTNERS LP (SPH) has an RSI value of 41.8572. This indicates that the stock is currently neutral.
What is the MACD signal for SUBURBAN PROPANE PARTNERS LP (SPH) stock?
The MACD indicator for SUBURBAN PROPANE PARTNERS LP (SPH) has a value of -0.0830395, indicating a bearish trend.
Can you provide the short term momentum for SUBURBAN PROPANE PARTNERS LP?
The short term momentum for SUBURBAN PROPANE PARTNERS LP (SPH) is negative.