Duff & Phelps Select MLP and Midstream Energy Fund [NYSE:DSE]’s prices rallied on Friday.
Other data for the company is as follows:
- Stochastic %K of 64.57
- Weighted Alpha of -66.65
Wait and see
Holding a Market Cap of $10.13 million, Duff & Phelps Select MLP and Midstream Energy Fund has seen a trading range over the last year of $0.20-$4.23.
For the last five days, DSE is up from its last closing price. The average shares trading hands each day is 297.96K, with average 10-day volume coming in at 0.14 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for DSE. When we apply the Elder Force Index to Duff & Phelps Select MLP and Midstream Energy Fund, we are seeing an Elder Force Indicator number of 0.0.
Looking at popular technical indicators, the company’s 5-day moving average is 0.3814 compared to the 50-day moving average of 0.3987. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. DSE currently holds a 9-day RSI of 73.27%, while 100-day RSI stands at 35.86%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. DSE’s 9-day MACD is 0.0234 and the company’s 100-day MACD stands at -0.1011.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 0.07% by insiders and 32.75% by institutions. Regarding institutional holdings, Advisors Asset Management, Inc. owns 4.44%, while the second top holder, Guggenheim Capital, LLC, currently owns 2.09%.