Long-term downtrend in Master Limited PartnershipsMLPA price action suggests midstream energy MLPs may be developing a new uptrend.
Key stats
About Global X MLP ETF
Expense ratio
0.45%
Home page
Inception date
Apr 18, 2012
ISIN
US37954Y3430
MLPA offers exposure to US-listed midstream MLPs exclusively. Holding approximately 20-30 constituents, the fund narrows in on entities that focus on transportation, storage and processing of various energy products. Selected securities are weighted by market-cap, subject to capping constraints. Structured as a C-corporation, the fund pays taxes at the fund level, with the upside that its distributions are generally tax-deferred. The index rebalances quarterly. Prior to March 30, 2015, the fund tracked the Solactive MLP Composite Index which included exploration and production (upstream) and refining and marketing (downstream) firms.
Classification
What's in the fund
Exposure type
Industrial Services
Distribution Services
Stock breakdown by region
MLPA: Compression at the bottom of bullish channelThe current channel in MLPA began April 2020, with the long-term resistance line crossed in January 2022. Bullish channel is now 3.5 years old and may be pushing to longer term key level at $48.50. If the price action moves to the top of the current channel, share price will approach $55.
However,
I LIKE THIS SETUP IN MASTER LIMITED PIPELINE PARNTERSHIPSThere are some pretty charts out there (looking at you, Silver) but this one is a Hot Tamale!
A Blue-Ribbon Winner in the Ascending Triangle category!
MLPs Testing resistance A measured move after a break of long-term resistance suggests a move of +45%
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