Technical Analysis for LMLP - ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN

Grade Last Price % Change Price Change
grade C 16.8027 -2.43% -0.42
LMLP closed down 2.43 percent on Monday, November 18, 2019, on 1.28 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Down Down
See historical LMLP trend table...

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
180 Bearish Setup Bearish Swing Setup 0.00%
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Outside Day Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Crossed Above 20 DMA Bullish -2.43%
Crossed Above 50 DMA Bullish -2.43%

Older signals for LMLP ...

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Profile
The ETRACS Monthly Pay 2xLeveraged Wells Fargo® MLP Ex-Energy ETN (NYSE: LMLP) (“LMLP” or the “ETN”) is an exchange-traded note linked to the monthly compounded 2x leveraged performance of Wells Fargo® Master Limited Partnership Ex-Energy Index, less investor fees. The index is intended to measure the performance of all non-energy master limited partnerships (“MLPs”) listed on the New York Stock Exchange (“NYSE”), NYSE MKT or NASDAQ that satisfy market capitalization and other eligibility requirements.
Energy Nasdaq Alerian Exchange Traded Note Master Limited Partnership New York Stock Exchange Nyse American
Is LMLP a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 18.1699
52 Week Low 9.24
Average Volume 6,429
200-Day Moving Average 15.7025
50-Day Moving Average 17.1368
20-Day Moving Average 17.1891
10-Day Moving Average 17.1877
Average True Range 0.3248
ADX 13.81
+DI 18.2446
-DI 26.6829
Chandelier Exit (Long, 3 ATRs ) 16.8674
Chandelier Exit (Short, 3 ATRs ) 17.7044
Upper Bollinger Band 17.6511
Lower Bollinger Band 16.7271
Percent B (%b) 0.08
BandWidth 5.3755
MACD Line 0.016
MACD Signal Line 0.0686
MACD Histogram -0.0525
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17.61
Resistance 3 (R3) 17.70 17.52 17.47
Resistance 2 (R2) 17.52 17.31 17.47 17.43
Resistance 1 (R1) 17.16 17.19 17.07 17.07 17.38
Pivot Point 16.98 16.98 16.94 16.94 16.98
Support 1 (S1) 16.62 16.78 16.53 16.53 16.22
Support 2 (S2) 16.44 16.65 16.40 16.18
Support 3 (S3) 16.09 16.44 16.13
Support 4 (S4) 16.00