Suburban Propane Partners Lp (SPH): Price Now Near $15.08; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for SPH

SPH (Get Ratings)’s 15.08 Suburban Propane Partners Lp in the hour prior was especially unusual given the typical amount recorded over the past 30 hour. SPH has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100, 20 and 50 hour moving averages have been crossed, with price now being below them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

SPH ranks 33rd in terms of today’s price percentage change out of Retail stocks.

SPH’s Technical Outlook on the Daily Chart

At the time of this writing, SPH’s price is up $0.01 (0.07%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as SPH has now gone up 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows SPH’s price action over the past 90 days.

SPH

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SPH: Daily RSI Analysis

  • For SPH, its RSI is now at 100.
  • SPH and RSI may be exhibiting divergent trends. This may be something to monitor.

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