HEP - Holly Energy Partners LP Mon 27'th Feb 2017
Stock analysis for Mon 27'th Feb 2017 (Updated daily)
Sell candidate since 2017-02-24
Holly Energy Partners LP Stock Analysis
Holly Energy Partners LP fell by -0.83% in the last day, from USD 36.13 to USD 35.83. , and has now fallen 3 day in a row The price has fallen in 8 of the last 10 days and is down by -2.82% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -27 758 shares and in total, 119 591 shares bought and sold for approx. USD 4.28 million.
Holly Energy Partners LP lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 35.71 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.1% during the next 3 months and, with 90% probability hold a price between USD 42.17 and USD 47.05 at the end of this period.
There are few to none technical positive signals at the moment. Holly Energy 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 36.57 and USD 36.04. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday February 15, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* 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 48 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 33.25 and USD 33.09. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 36.52, USD 36.53 and USD 36.96.
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, Holly Energy Partners LP finds support just below today's level at 33.25. If this is broken, then the next support from accumulated volume will be at 33.09 and 32.06. The stock is about to test the resistance from accumulated volume at USD 36.52 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 0.67 (1.88%) between high and low. For the last week, the stock has had a daily average volatility of 2.77%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
The stockstock holds several negative signals and despite the positive trend we believe Holly Energy Partners LP to perform weak in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.