ENTERPRISE PRODUCTS PARTNERS L.P. - 1H - Technical analysis published on 10/12/2023 (GMT)
- 209
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 26.92 USD
My targets
27.53 USD (+0.69%)
27.77 USD (+1.57%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ENTERPRISE PRODUCTS PARTNERS L.P. as long as the price remains well above 26.92 USD. The buyers' bullish objective is set at 27.53 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 27.77 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ENTERPRISE PRODUCTS PARTNERS L.P. rating 27.34 USD. The price registered a decrease of -0.11% on the session and was between 27.23 USD and 27.46 USD. This implies that the price is at +0.40% from its lowest and at -0.44% from its highest.27.23
27.46
27.34
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ENTERPRISE PRODUCTS PARTNERS L.P. indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.80 | 26.92 | 27.29 | 27.34 | 27.42 | 27.53 | 27.64 |
| Change (%) | -1.98% | -1.54% | -0.18% | - | +0.29% | +0.69% | +1.10% |
| Change | -0.54 | -0.42 | -0.05 | - | +0.08 | +0.19 | +0.30 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.89 | 27.04 | 27.20 | 27.35 | 27.51 | 27.66 | 27.82 |
| Camarilla | 27.29 | 27.31 | 27.34 | 27.37 | 27.40 | 27.43 | 27.46 |
| Woodie | 26.91 | 27.04 | 27.22 | 27.35 | 27.53 | 27.66 | 27.84 |
| Fibonacci | 27.04 | 27.16 | 27.23 | 27.35 | 27.47 | 27.54 | 27.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.92 | 26.30 | 26.63 | 27.01 | 27.34 | 27.72 | 28.05 |
| Camarilla | 26.77 | 26.83 | 26.90 | 26.96 | 27.03 | 27.09 | 27.16 |
| Woodie | 25.90 | 26.29 | 26.61 | 27.00 | 27.32 | 27.71 | 28.03 |
| Fibonacci | 26.30 | 26.57 | 26.74 | 27.01 | 27.28 | 27.45 | 27.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.37 | 25.93 | 26.65 | 27.21 | 27.93 | 28.49 | 29.21 |
| Camarilla | 27.02 | 27.14 | 27.25 | 27.37 | 27.49 | 27.61 | 27.72 |
| Woodie | 25.45 | 25.97 | 26.73 | 27.25 | 28.01 | 28.53 | 29.29 |
| Fibonacci | 25.93 | 26.42 | 26.72 | 27.21 | 27.70 | 28.00 | 28.49 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.87 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 5.11 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 27.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.46 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 27.10 | |
| Zig ZAG (10): | 27.34 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 49.46 | |
| TEMA (21): | 27.41 | |
| Williams %R (14): | -45.16 | |
| Chande Momentum Oscillator (20): | 0.14 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.72 |
| MA7: | 27.13 | |
| MA20: | 27.19 | |
| MA50: | 26.84 | |
| MA100: | 26.34 | |
| MAexp7: | 27.35 | |
| MAexp20: | 27.29 | |
| MAexp50: | 27.20 | |
| MAexp100: | 27.16 | |
| Price / MA7: | +0.77% | |
| Price / MA20: | +0.55% | |
| Price / MA50: | +1.86% | |
| Price / MA100: | +3.80% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.51% | |
| Price / MAexp100: | +0.66% |
Quotes :
-
15 min delayed data
-
NYSE Stocks
News
The latest news and videos published on ENTERPRISE PRODUCTS PARTNERS L.P. at the time of the analysis were as follows:
- Thinking about trading options or stock in Sea, Broadcom, Annaly Capital Management, Enterprise Products Partners, or APA Corp?
- Thinking about trading options or stock in Enterprise Products Partners, Apple, Tesla, Palantir Technologies, or Ford Motor?
- Enterprise to Participate in Investor Conferences
- Enterprise Reports Results for Second Quarter 2023
- Enterprise Begins Service for its Texas NGL Fractionator
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ENTERPRISE PRODUCTS PARTNERS L.P. - 1H