Overall MMLP gets a technical rating of 3 out of 10. MMLP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, MMLP is a bad performer in the overall market: 77% of all stocks are doing better.
- MMLP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 75% of 206 stocks in the same industry do better.
- Warning: MMLP has an average volume of 18786 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- MMLP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MMLP is lagging the market.
- In the last month MMLP has a been trading in the 2.65 - 3.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
MMLP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.79, a Stop Loss order could be placed below this zone.
More info and screens
2.72
When analyzing the support we notice one important area.
- A support zone ranging from 2.75 to 2.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.84 to 2.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.96 to 2.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.06 to 3.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MMLP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MMLP is neutral. |
| ChartMill Relative Strength | 23.77 | NEGATIVE | MMLP has a low relative strength, it was outperformed by 76.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MMLP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MMLP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MMLP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.21 | NEUTRAL | The RSI value for MMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MMLP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.07 | NEUTRAL | The Stochastics value for MMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.54 | HIGH VOLATILITY | The high ATR as a percentage value for MMLP suggests high volalility. |
| Average Directional Index/ADX (14) | 8.83 | NEGATIVE | The low ADX value for MMLP suggests a weak or negative trend. |
2.82
0 (0%)
MARTIN MIDSTREAM PARTNERS LP / MMLP FAQ
What is the ChartMill technical rating of MARTIN MIDSTREAM PARTNERS LP (MMLP) stock?
ChartMill assigns a technical rating of 3 / 10 to MMLP.
What is the current trend direction of MARTIN MIDSTREAM PARTNERS LP (MMLP) stock?
The current trend direction for MARTIN MIDSTREAM PARTNERS LP (MMLP) is Bearish.
Can you provide the RSI signal for MARTIN MIDSTREAM PARTNERS LP?
MARTIN MIDSTREAM PARTNERS LP (MMLP) has an RSI value of 52.2092. This indicates that the stock is currently neutral.
What is the MACD signal for MARTIN MIDSTREAM PARTNERS LP (MMLP) stock?
The MACD indicator for MARTIN MIDSTREAM PARTNERS LP (MMLP) has a value of -0.013528, indicating a bearish trend.
Can you provide the short term momentum for MARTIN MIDSTREAM PARTNERS LP?
The short term momentum for MARTIN MIDSTREAM PARTNERS LP (MMLP) is neutral.