GLOBAL PARTNERS LP

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	GLP
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GLOBAL PARTNERS LP - Daily - Technical analysis published on 03/04/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 18.48 USD

My targets

17.47 USD (-2.66%)

16.05 USD (-10.58%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GLOB. PARTNERS LP GLOB. PARTNERS LP as long as the price remains well below 18.48 USD. The sellers” bearish objective is set at 17.47 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 16.05 USD. In case of crossing, the next objective would be the support located at 14.95 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

FORCE

6.6

Comment on the analysis

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GLOB. PARTNERS LP GLOB. PARTNERS LP rating is 17.95 USD. The price registered a decrease of -2.34% on the session and was traded between 17.76 USD and 18.48 USD over the period. The price is currently at +1.07% from its lowest and -2.87% from its highest.

17.76

18.48

17.95

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:

Technical

Technical analysis of this Daily chart of GLOB. PARTNERS LP GLOB. PARTNERS LP indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 5 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.79	14.95	16.05	17.95	18.48	19.69	20.72
Change (%)	-23.18%	-16.71%	-10.58%	-	+2.95%	+9.69%	+15.43%
Change	-4.16	-3.00	-1.90	-	+0.53	+1.74	+2.77
Level	Minor	Intermediate	Minor	-	Major	Major	Major

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	17.13	17.63	18.01	18.50	18.88	19.37	19.75
Camarilla	18.14	18.22	18.30	18.38	18.46	18.54	18.62
Woodie	17.07	17.60	17.94	18.47	18.82	19.34	19.69
Fibonacci	17.63	17.96	18.17	18.50	18.84	19.04	19.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.08	15.94	17.64	18.50	20.20	21.06	22.76
Camarilla	18.65	18.88	19.12	19.35	19.59	19.82	20.05
Woodie	15.51	16.15	18.07	18.71	20.63	21.27	23.19
Fibonacci	15.94	16.92	17.52	18.50	19.48	20.08	21.06

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.40	15.60	17.47	18.67	20.54	21.74	23.61
Camarilla	18.51	18.79	19.07	19.35	19.63	19.91	20.19
Woodie	14.75	15.77	17.82	18.84	20.89	21.91	23.96
Fibonacci	15.60	16.77	17.49	18.67	19.84	20.56	21.74

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	38.42
MACD (12,26,9):	-0.3000
Directional Movement:	-5.46
AROON (14):	-78.57
DEMA (21):	18.44
Parabolic SAR (0,02-0,02-0,2):	16.79
Elder Ray (13):	-0.51
Super Trend (3,10):	16.56
Zig ZAG (10):	17.95
VORTEX (21):	0.8200
Stochastique (14,3,5):	62.37
TEMA (21):	18.25
Williams %R (14):	-58.57
Chande Momentum Oscillator (20):	-1.21
Repulse (5,40,3):	0.7500
ROCnROLL:	2
TRIX (15,9):	-0.1700
Courbe Coppock:	10.27

MA7:	18.38
MA20:	18.97
MA50:	19.32
MA100:	19.35
MAexp7:	18.43
MAexp20:	18.80
MAexp50:	19.12
MAexp100:	19.14
Price / MA7:	-2.34%
Price / MA20:	-5.38%
Price / MA50:	-7.09%
Price / MA100:	-7.24%
Price / MAexp7:	-2.60%
Price / MAexp20:	-4.52%
Price / MAexp50:	-6.12%
Price / MAexp100:	-6.22%

This member declared not having a position on this financial instrument or a related financial instrument.

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