GLOP - GasLog Partners LP

Industry: Shipping Sector: Services

Buy Candidate
Fri 21'st Apr 2017

VOLUME
Buy
TREND
Buy
MV LONG
Sell
MV SHORT
Buy
PIVOT
Buy
MACD
Buy
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GasLog Partners LP Stock Analysis

Technical stock analysis for Fri 21'st Apr 2017

Buy candidate since 2017-04-20 Gain 0.85%

GasLog Partners LP gained 0.85% in the last trading day, rising from USD 23.60 to USD 23.80 , and has now gained 3 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 7 of the last 10 days and is up by 1.06% 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, 67 002 more shares were traded than the day before. In total, 140 237 shares bought and sold for approximately USD 3.34 million.

Trend

GasLog Partners LP lies in the middle of a 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 7.8% during the next 3 months and, with 90% probability hold a price between USD 24.15 and USD 27.44 at the end of this period.

Signals

A buy signal was issued from a pivot bottom point on Wednesday April 05, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. GasLog Partners LP holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general salessignal in the stock. On further gains, the stock will meet resistance from the long-term moving average at USD 23.91. On a fall, the stock will find some support from the short-term average at USD 23.61. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

Relative Strength Index (RSI)

RSI14 is 40 and the stock is currently not being overbought or oversold

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at USD 22.25 and USD 20.75. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 24.30, USD 24.05 and USD 23.85.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, GasLog Partners LP finds support just below today's level at 22.25. If this is broken, then the next support from accumulated volume will be at 20.75 and 20.60. The stock is about to test the resistance from accumulated volume at USD 24.30 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 0.70 (3.01%) between high and low. For the last week, the stock has had a daily average volatility of 2.87%.

Our recommended stoploss: USD 22.38 (-5.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 11 days ago.)

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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