HEP - Holly Energy Partners LP

Industry: Oil & Gas Pipelines Sector: Basic Materials

Hold/Accumulate
Tue 23'rd May 2017

PERIOD COVERED
2017-02-24 - 2017-05-23
CHANGE
-0.09%
PRICE
$34.90
VOLUME
Buy
TREND
Hold
MV LONG
Sell
MV SHORT
Buy
PIVOT
Sell
MACD
Sell
Request Prediction
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Holly Energy Partners LP Stock Analysis

Technical stock analysis for Tue 23'rd May 2017

Hold candidate since 2017-05-23

Holly Energy Partners LP fell by -0.09% in the last day, from USD 34.93 to USD 34.90 The price has been going up and down for this period, and there has been a 1.69% gain for the last 2 weeks. Volume has increased in the last day by 29 653 shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 126 650 shares bought and sold for approximately USD 4.42 million.

Trend

Given the current horizontal trend you can expect Holly Energy Partners LP with 90% probability to be traded between USD 33.40 and USD 37.46 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

There are few to none technical positive signals at the moment. Holly Energy 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 35.47. On a fall, the stock will find some support from the short-term average at USD 34.33. 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. A sales signal was issued from a pivot top point on Monday May 22, 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.

Relative Strength Index (RSI)

RSI14 is 38 and the stock is currently not being overbought or oversold

Support & Resistance

Holly Energy Partners LP finds support from accumulated volume at USD 34.70, USD 34.41, and USD 34.32. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 36.12, USD 35.71 and USD 35.33.

The stock is about to test the resistance from accumulated volume at USD 36.12 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 0.54 (1.55%) between high and low. For the last week, the stock has had a daily average volatility of 2.39%.

Our recommended stoploss: USD 33.26 (-4.69%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

Evaluation

Holly Energy Partners LP holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.

Hold/Accumulate

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