GLOP - GasLog Partners LP

Industry: Shipping Sector: Services | Exchange: NYSE

Strong Buy Candidate
Buy Score Rank #67 out of #5176
Wed 26'th Jul 2017

PERIOD COVERED
2017-04-27 - 2017-07-26
CHANGE
0.20%
PRICE
$24.60
VOLUME
Buy
TREND

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

BOLLINGER
Buy
Request Prediction
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GasLog Partners LP Stock Analysis

Technical stock analysis for Wed 26'th Jul 2017

Buy candidate since 2017-07-07 Gain 6.96%

GasLog Partners LP gained 0.20% in the last trading day, rising from $24.55 to $24.60 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 8 of the last 10 days and is up by 2.93% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 90 637 more shares were traded than the day before. In total, 192 057 shares bought and sold for approximately $4.72 million.

Trend

GasLog Partners LP lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.07% during the next 3 months and, with 90% probability hold a price between $22.61 and $26.23 at the end of this period.

Signals

Only positive signals in the chart today. GasLog Partners LP holds buy signals from both short- and long-term moving averages. In addition, 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 $24.44 and $23.28. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday July 21, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

Relative Strength Index (RSI)

RSI14 is 85 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

Support & Resistance

GasLog Partners LP finds support from accumulated volume at . On the upside the stock meets some resistance just above today's level from accumulated volume at $25.20.

The stock is about to test the resistance from accumulated volume at $25.20 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $24.55 Price: $24.6 Resistance: $25.20
S: $24.55 Price: $24.6 R: $25.20

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.40 (1.63%) between high and low. For the last week, the stock has had a daily average volatility of 2.19%.

The stock is extremely overbought on RSI14 (85). This increases the short-term risk substantially.

Our recommended stoploss: $23.33 (-5.17%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

GasLog Partners LP holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Strong Buy Candidate

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