MARINE PETROLEUM TRUST (MARPS) Stock Technical Analysis
NASDAQ:MARPS • US5684231070
Taking everything into account, MARPS scores 5 out of 10 in our technical rating. MARPS has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- MARPS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, MARPS turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
- MARPS is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 44% of 206 stocks in the same industry.
- In the last month MARPS has a been trading in the 4.27 - 5.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
MARPS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 4.24, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MARPS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.13 to 4.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.78 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.66 to 4.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.99 to 5.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @5.38 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MARPS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MARPS is neutral. |
| ChartMill Relative Strength | 60.16 | NEUTRAL | MARPS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MARPS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MARPS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MARPS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.93 | NEUTRAL | The RSI value for MARPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MARPS has a negative trend. |
| Stochastics (14,3) | 50.35 | NEUTRAL | The Stochastics value for MARPS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.43 | HIGH VOLATILITY | The high ATR as a percentage value for MARPS suggests high volalility. |
| Average Directional Index/ADX (14) | 36.47 | POSITIVE | The high ADX value value for MARPS suggests a strong trend. |
4.48
-0.43 (-8.76%)
MARINE PETROLEUM TRUST / MARPS FAQ
What is the technical rating for MARPS stock?
ChartMill assigns a technical rating of 5 / 10 to MARPS.
Can you provide the trend direction for MARINE PETROLEUM TRUST?
The current trend direction for MARINE PETROLEUM TRUST (MARPS) is Bearish.
What is the RSI signal for MARINE PETROLEUM TRUST (MARPS) stock?
MARINE PETROLEUM TRUST (MARPS) has an RSI value of 47.9261. This indicates that the stock is currently neutral.
What are the support and resistance levels for MARINE PETROLEUM TRUST (MARPS) stock?
MARINE PETROLEUM TRUST (MARPS) has a support level at 4.24 and a resistance level at 4.66. Check the full technical report for our detailed analysis of MARPS support and resistance levels.