Ngl Energy Partners Lp Stock Forecast

Red day on Friday for Ngl Energy Partners Lp stock after losing 0%
(Updated on Jun 28, 2024)

NGL-PB Signals & Forecast

The Ngl Energy Partners Lp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.66 and $24.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.06%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The stock had a Golden Star Signal on Thursday, June 06, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Ngl Energy Partners Lp stock

Ngl Energy Partners Lp finds support from accumulated volume at $24.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0264 between high and low, or 0.107%. For the last week the stock has had daily average volatility of 0.622%.

Our recommended stop-loss: $23.94 (-3.46%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 95 days ago.)

Trading Expectations (NGL-PB) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ngl Energy Partners Lp to open at $24.79, and during the day (based on 14 day Average True Range), to move between $24.63 and $24.97, which gives a possible trading interval of +/-$0.175 (+/-0.70%) up or down from last closing price. If Ngl Energy Partners Lp takes out the full calculated possible swing range there will be an estimated 1.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $24.50 (1.21%) than the resistance at $29.11 (17.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ngl Energy Partners Lp stock A Buy?

Ngl Energy Partners Lp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Ngl Energy Partners Lp of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.