MARTIN MIDSTREAM PARTNERS LP (MMLP)       4.36  +0.17 (+4.06%)

4.36  +0.17 (+4.06%)

US5733311055 - After market: 4.36 0 (0%)

Technical Rating

Overall MMLP gets a technical rating of 5 out of 10. In the last year, MMLP was one of the better performers, but we do observe some doubts in the very recent evolution.



When comparing the yearly performance of all stocks, we notice that MMLP is one of the better performing stocks in the market, outperforming 98% of all stocks.
MMLP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 79% of 406 stocks in the same industry.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
MMLP is currently trading in the middle of its 52 week range. The S&P500 Index is currently trading in the lower part of its 52 week range, so MMLP is still doing slightly better than the market.
In the last month MMLP has a been trading in the 3.81 - 5.97 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -20.15% 45.33% 52.45% 62.08% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 98.19 2.52 - 5.98
MMLP Weekly chart
MMLP Daily chart

Support/Resistance Analysis


2.61

4.63
We found 7 important support areas.
  • Support @4.07 from a horizontal line in the weekly time frame.
  • A support zone ranging from 3.89 to 3.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @3.52 from a trend line in the daily time frame.
  • Support @3.13 from a trend line in the weekly time frame.
  • Support @2.97 from a trend line in the weekly time frame.
  • Support @2.92 from a horizontal line in the daily time frame.
  • Support @2.64 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
  • A resistance zone ranging from 4.37 to 4.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 4.51 to 4.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

Setup Analysis

Setup Rating

MMLP has an average technical rating and it also does not offer a high 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.


MMLP Daily chart

MARTIN MIDSTREAM PARTNERS LP4.36

NASDAQ:MMLP (5/17/2022, 5:37:58 PM)+0.17 (+4.06%)

After market: 4.36 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today 4.06% 1 Week 4.06%
2 Weeks -8.4% 1 Month -20.15%
3 Month 45.33% 6 Month 52.45%
Volatility
ATR(14) 0.42 ATR(20)% 10.25%
ATR Inc -26.72% Range Today 0.3
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 98.19 Mansfield 4.06
10 Day High 5.28 10 Day Low 3.81
20 Day High 5.97 20 Day Low 3.81
52 Week High 5.98 52 Week Low 2.52
CS1 End 4.07 CR1 Start 4.37
Volume & EV
DER(3) 1.1% DER(5) -5.82%
Volume 92.62K Volume Incr -32.27%
Vol(5) 147.68K Vol(50) 197.24K

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