We assign a technical rating of 4 out of 10 to MARPS. In the past year, MARPS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 66% of all other stocks performed better in the past year than MARPS.
- 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.
- Warning: MARPS has an average volume of 25476 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- MARPS is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 42% of 207 stocks in the same industry.
- In the last month MARPS has a been trading in the 4.05 - 4.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, MARPS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for MARPS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.74
We found 4 important support areas.
- Support @4.60 from a trend line in the daily time frame.
- A support zone ranging from 4.34 to 4.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.13 to 4.20. 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.
- Resistance @4.78 from a trend line in the daily time frame.
- Resistance @5.00 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for MARPS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MARPS is up. |
| ChartMill Relative Strength | 34.4 | NEUTRAL | MARPS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MARPS is above 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 | POSITIVE | The current price of MARPS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.58 | NEUTRAL | The RSI value for MARPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MARPS has a positive trend. |
| Stochastics (14,3) | 51.85 | NEUTRAL | The Stochastics value for MARPS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.33 | HIGH VOLATILITY | The high ATR as a percentage value for MARPS suggests high volalility. |
| Average Directional Index/ADX (14) | 40.32 | POSITIVE | The high ADX value value for MARPS suggests a strong trend. |
4.61
+0.21 (+4.77%)
MARINE PETROLEUM TRUST / MARPS FAQ
What is the technical rating for MARPS stock?
ChartMill assigns a technical rating of 4 / 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 58.5758. 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 4.6 and a resistance level at 4.78. Check the full technical report for our detailed analysis of MARPS support and resistance levels.