Shell Midstream Partners, L.P. (NYSE:SHLX) Stock Under The Trend-line Looks for a Reversal

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.  

Historical Growth

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.

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