TEEKAY OFFSHORE PARTNERS L P (TOO) Stock Technical Analysis
NYSE:TOO - New York Stock Exchange, Inc. -
We assign a technical rating of 6 out of 10 to TOO. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
TOO has an average volume of 1014250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TOO did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
TOO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TOO is lagging the market slightly.
In the last month TOO has a been trading in a tight range between 1.53 and 1.55.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, TOO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 1.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.54, a Stop Loss order could be placed below this zone.
More info and screens
1.19
1.57
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.52 to 1.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.29 to 1.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 1.20 to 1.20. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.55 to 1.55. 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
CRS80.64
Mansfield0.35
10 Day High1.55
10 Day Low1.54
20 Day High1.55
20 Day Low1.54
52 Week High1.78
52 Week Low1.03
Performance
1 Week-0.32%
2 Weeks0.32%
1 Month-0.32%
3 Month0.98%
6 Month32.05%
12 Month26.64%
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
RSI(14)51.79
LBB1.54
UBB1.55
1.545
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.32%
2 Weeks0.32%
1 Month-0.32%
3 Month0.98%
6 Month32.05%
12 Month26.64%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%0.66%
ATR Inc-3.45%
Range Today0.01
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
CRS80.64
Mansfield0.35
10 Day High1.55
10 Day Low1.54
20 Day High1.55
20 Day Low1.54
52 Week High1.78
52 Week Low1.03
CS1 End1.54
CR1 Start1.55
Volume & EV
DER(3)1.47%
DER(5)0.6%
Volume62.30K
Volume Incr-89.04%
Vol(5)83.10K
Vol(50)1.01M