Shell Midstream Partners, L.P. (NYSE:SHLX) shares have experienced a recent steady downtrend, causing some concern for shareholders.
In order to gauge which way a stock is trending, you must compare a stock’s share price to its moving average. Uptrending stocks trade above their moving averages, while downtrending stocks trade below.
It is important to consider the moving averages of a downtrending security. We see here that Shell Midstream Partners, L.P. (NYSE:SHLX) is -2.72% away from the 20-Day Simple Moving Average. Their 50-Day Simple Moving Average is a difference of -5.36% from current levels. Further back, their 200-Day Simple Moving Average is -13.47% difference from today’s price. Currently, the stock is -11.01% from its 50-Day High and 3.04% from the 50-day low.
RSI and Recommendations
Shell Midstream Partners, L.P.’s RSI is 40.47. Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 2.35% and month of 2.81%. Wall Street analysts have a consensus 2.10 recommendation on the stock.
Shell Midstream Partners, L.P. (NYSE:SHLX)’s performance this year to date is -12.89%. The stock has performed -3.61% over the last seven days, -1.82% over the last thirty, and -5.83% over the last three months. Over the last six months, Shell Midstream Partners, L.P.’s stock has been -15.05% and -5.62% for the year.