HEP - Holly Energy Partners LP

Industry: Oil & Gas Pipelines Sector: Basic Materials | Exchange: NYSE

Strong Buy Candidate
Thu 21'st Sep 2017

PERIOD 2017-06-22 - 2017-09-21
CHANGE 0.20%
PRICE $34.24
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

BOLLINGER
Buy
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Holly Energy Partners LP Stock Analysis

Technical stock analysis for Thu 21'st Sep 2017

Buy candidate since 2017-09-06 Gain 7.91%

Holly Energy Partners LP gained 0.20% in the last trading day, rising from $34.17 to $34.24 , 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 6 of the last 10 days and is up by 6.97% 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, 70 898 more shares were traded than the day before. In total, 475 444 shares bought and sold for approximately $16.28 million.

Trend

Given the current horizontal trend you can expect Holly Energy Partners LP with 90% probability to be traded between $30.57 and $36.33 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

Only positive signals in the chart today. Holly Energy Partners LP holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $34.44. On a fall, the stock will find some support from the long-term average at approximately $32.72. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday September 19, 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 63 and the stock is currently not being overbought or oversold

Support & Resistance

Holly Energy Partners LP finds support from accumulated volume at $34.23. On the upside the stock meets some resistance just above today's level from accumulated volume at $35.08, $35.24 and $35.29.

The stock is about to test the resistance from accumulated volume at $35.08 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $34.23 Price: $34.24 Resistance: $35.08
S: $34.23 Price: $34.24 R: $35.08

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.99 between high and low, or 2.92%. For the last week, the stock has had a daily average volatility of 2.70%.

Our recommended stoploss: $32.20 (-5.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Holly Energy Partners LP holds several positive signals and is considered to be a good choice at current levels. We expect the stock to perform great in the short-term period.

Strong Buy Candidate

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