Help us make better tools for you!. Read more (Published: 2017-01-12)

GLOP - GasLog Partners LP Tue 24'th Jan 2017

Industry: Shipping Sector: Services
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Hold/Accumulate

Score: -0.96

#4152 of 5186
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 81.48%
Risk: Medium
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Stock analysis for Tue 24'th Jan 2017 (Updated daily)

Hold candidate since 2017-01-24

GasLog Partners LP Stock Analysis


GasLog Partners LP fell by -6.58% in the last day, from USD 22.05 to USD 20.60. The price has fallen in 5 of the last 10 days and is down by -5.5% for this period. Volume increased in the last day by 3.19 million shares, but on falling prices. This is may be an early warning and risk is increased slightly for the next couple of days. In total, 3.36 million shares bought and sold for approximately USD 69.24 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 5.1% during the next 3 months and, with 90% probability hold a price between USD 20.89 and USD 23.29 at the end of this period.

Signals

There are few to none technical positive signals at the moment. GasLog Partners LP holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at USD 21.23 and USD 20.74. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday January 23, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

The stock had a Golden Star Signal* on Wednesday September 21, 2016 in the mediumterm chart.

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

Relative Strength Index (RSI)

RSI14 is 44 and the stock is currently not being overbought or oversold

Support & Resistance

GasLog Partners LP finds support from accumulated volume at USD 20.55, USD 20.15, and USD 20.12. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 20.75, USD 20.95 and USD 21.55.

The stock is about to test the resistance from accumulated volume at USD 20.75 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

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 USD 0.55 (2.72%) between high and low. For the last week, the stock has had a daily average volatility of 3.80%.

Our recommended stoploss: USD 20.09 (-2.48%) ( based on support and risk)

Evaluation

GasLog Partners LP holds several negative signals and isolated this should give a sell recommendiation, but due to general chance for a turnaround situation we recommend a hold or accumulate position awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Hold/Accumulate.

Hold/Accumulate


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