We assign a technical rating of 0 out of 10 to MARPS. MARPS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of MARPS is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.70
We found 1 important support area.
- A support zone ranging from 3.74 to 3.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.44 to 4.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.91 from a trend line 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 | DOWN | NEGATIVE | The long term trend for MARPS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MARPS is down. |
| ChartMill Relative Strength | 34.87 | NEUTRAL | MARPS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MARPS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MARPS is below a declining 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) | 37.1 | NEUTRAL | The RSI value for MARPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MARPS has a negative trend. |
| Stochastics (14,3) | 0.74 | OVERSOLD | The low Stochastics value suggests MARPS may be oversold. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for MARPS suggests some volalility. |
| Average Directional Index/ADX (14) | 19.34 | NEGATIVE | The low ADX value for MARPS suggests a weak or negative trend. |
4.14
-0.06 (-1.43%)
MARINE PETROLEUM TRUST / MARPS FAQ
What is the technical rating for MARPS stock?
ChartMill assigns a technical rating of 0 / 10 to MARPS.
What is the trend direction for MARPS stock?
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 37.0994. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MARINE PETROLEUM TRUST?
The short term momentum for MARINE PETROLEUM TRUST (MARPS) is negative.
What are the support and resistance levels for MARINE PETROLEUM TRUST (MARPS) stock?
MARINE PETROLEUM TRUST (MARPS) has a support level at 3.78 and a resistance level at 4.44. Check the full technical report for our detailed analysis of MARPS support and resistance levels.