Technical Analysis for MCEP - Mid-Con Energy Partners, LP

Grade Last Price % Change Price Change
grade F 0.2717 -4.67% -0.01
MCEP closed down 4.67 percent on Friday, January 17, 2020, on 48 percent of normal volume. It ran into resistance at its 50 day moving average. 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 Down Down Down
Historical MCEP trend table...

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
50 DMA Resistance Bearish -4.67%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -4.67%
Stochastic Buy Signal Bullish -4.67%

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Profile

Mid-Con Energy Partners, LP engages in the acquisition, exploitation, development, and production of oil and natural gas properties in North America. Its properties are located in Southern Oklahoma, Northeastern Oklahoma and parts of Oklahoma, and Colorado within the Hugoton Basin in the Mid-Continent region of the United States. The company owns a 75% average working interest in 272 net producing wells, 107 net injection wells, and 61 net wells shut-in or waiting on completion. As of December 31, 2012, its total estimated proved reserves were approximately 13.1 million barrels of oil equivalent. Mid-Con Energy GP, LLC serves as the general partner of Mid-Con Energy Partners, LP. The company was founded in 2011 and is headquartered is Dallas, Texas.
Oil Oil Equivalent Natural Gas Properties Petroleum In The United States Economy Of Oklahoma Mid Continent Oil Province

Is MCEP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 1.14
52 Week Low 0.2103
Average Volume 310,928
200-Day Moving Average 0.45
50-Day Moving Average 0.28
20-Day Moving Average 0.30
10-Day Moving Average 0.30
Average True Range 0.04
ADX 19.44
+DI 21.32
-DI 15.37
Chandelier Exit (Long, 3 ATRs ) 0.32
Chandelier Exit (Short, 3 ATRs ) 0.37
Upper Bollinger Band 0.35
Lower Bollinger Band 0.24
Percent B (%b) 0.29
BandWidth 38.77
MACD Line 0.00
MACD Signal Line 0.00
MACD Histogram -0.004
Fundamentals Value
Market Cap 8.18 Million
Num Shares 30.1 Million
EPS -0.64
Price-to-Earnings (P/E) Ratio -0.42
Price-to-Sales 0.50
Price-to-Book 0.28
PEG Ratio -1.88
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.31
Resistance 3 (R3) 0.32 0.31 0.31
Resistance 2 (R2) 0.31 0.30 0.31 0.30
Resistance 1 (R1) 0.29 0.29 0.29 0.29 0.30
Pivot Point 0.28 0.28 0.28 0.28 0.28
Support 1 (S1) 0.26 0.27 0.26 0.26 0.24
Support 2 (S2) 0.25 0.26 0.25 0.24
Support 3 (S3) 0.23 0.25 0.24
Support 4 (S4) 0.23