Delek Logistics's 15min chart shows bullish trend with KDJ Golden Cross and Marubozu.

Delek Logistics's 15-minute chart has recently exhibited a KDJ Golden Cross and a Bullish Marubozu pattern on August 18, 2023, at 15:45. This suggests that the momentum of the stock price is shifting towards the upside and has the potential to further increase. As buyers maintain control of the market, it is likely that bullish momentum will continue.

Delek Logistics Partners (DKL), a subsidiary of Delek US Holdings, Inc. (NYSE: DK), has shown significant technical and financial strength, making it a stock to watch for investors. On August 18, 2023, at 15:45, the company's 15-minute chart exhibited a KDJ Golden Cross and a Bullish Marubozu pattern, indicating a potential upward trend in the stock price [1].

The KDJ Golden Cross is a bullish technical indicator that occurs when the K-line crosses above the J-line, signaling a trend reversal and potential upward movement in the stock price. The absence of wicks on the candlestick forming a Bullish Marubozu pattern suggests that buyers are firmly in control of the market, reinforcing the bullish momentum [1].

In addition to the positive technical indicators, Delek Logistics' strong financial performance supports the bullish outlook. The company recently brought the new Libby 2 gas processing facility online, enhancing processing capacity for producer customers in Lea County, NM. This strategic move aligns with Delek's Sum-of-the-Parts strategy, aimed at enhancing financial self-sufficiency and supporting the company's growth strategy [2].

Delek Logistics' stock performance is expected to be closely watched by investors, particularly as the company continues to execute on major infrastructure projects and lessens its dependence on affiliate revenues from Delek Holdings. The company's full-year guidance for Adjusted EBITDA of $480 million to $520 million signals confidence in its execution plan [2].

Investors should closely monitor Delek Logistics' financial announcements and earnings reports to assess the company's performance and potential impact on the stock price. The combination of strong technical indicators and positive financial results makes Delek Logistics a stock to watch for continued upside potential.

References:
[1] https://www.ainvest.com/news/delek-logistics-15min-chart-shows-kdj-golden-cross-bullish-marubozu-pattern-2508-1/
[2] https://www.nasdaq.com/articles/delek-q2-loss-narrower-expected-revenues-miss-estimates