YMLP Stock Forecast and Technical Analysis
Sell candidate since 2020-02-24 Loss -5.28% PDF
MARKET VECTORS HIGH INCOME MLP ETF MARKET VECTORS HIGH INCOME MLP ETF fell by -2.53% in the last day ( Wednesday, 26th Feb 2020 ) from $16.78 to $16.36 and has now fallen 6 days in a row. During the day the stock fluctuated 3.25% from a day low at $16.30 to a day high of $16.83. The price has fallen in 7 of the last 10 days and is down by -6.85% 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 -12 508 shares and in total 17 567 shares bought and sold for approximately $287 343.00.
YMLP Stock Price Summary
- 30 day high of the YMLP stock price was $18.35 and low was $16.30.
- 90 day high was $19.13 and low was $16.30.
- 52 week high for MARKET VECTORS HIGH INCOME MLP ETF MARKET VECTORS HIGH INCOME MLP ETF - $20.51 and low - $16.30.
MARKET VECTORS HIGH INCOME MLP ETF MARKET VECTORS HIGH INCOME MLP ETF has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $16.96 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
There are few to no technical positive signals at the moment. MARKET VECTORS HIGH INCOME MLP ETF MARKET VECTORS HIGH INCOME MLP ETF holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $17.30 and $18.00. 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 19, 2020, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
YMLP Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
YMLP Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
YMLP Stock Risk
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
MARKET VECTORS HIGH INCOME MLP ETF MARKET VECTORS HIGH INCOME MLP ETF is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.61 %Average volatility
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YMLP Stock Evaluation
MARKET VECTORS HIGH INCOME MLP ETF MARKET VECTORS HIGH INCOME MLP ETF holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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