We assign a technical rating of 5 out of 10 to MMLP. Recently some decent action could be observed, but in the medium term time frame this is still negative. MMLP was also a bad performer in the overall market in the last year.
MMLP has an average technical rating and the quality of the presented setup is also not ideal 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
2.57
We found 1 important support area.
- A support zone ranging from 2.60 to 2.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @3.06 from a horizontal line in the daily time frame.
- Resistance @3.13 from a trend 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 MMLP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MMLP is up. |
| ChartMill Relative Strength | 23.02 | NEGATIVE | MMLP has a low relative strength, it was outperformed by 76.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MMLP is above the rising 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) | DOWN | MIXED | The current price of MMLP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.59 | NEUTRAL | The RSI value for MMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MMLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.21 | OVERBOUGHT | The high Stochastics value suggests MMLP may be overbought. |
| Average True Range in percent/ATR (20) | 6.07 | HIGH VOLATILITY | The high ATR as a percentage value for MMLP suggests high volalility. |
| Average Directional Index/ADX (14) | 18.44 | NEGATIVE | The low ADX value for MMLP suggests a weak or negative trend. |
2.96
-0.09 (-2.95%)
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 5 / 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 63.5918. 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 0.0541866, 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 positive.