MARTIN MIDSTREAM PARTNERS LP (MMLP)
US5733311055
We assign a technical rating of 6 out of 10 to MMLP. In the last year, MMLP was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, MMLP did better than 75% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
MMLP is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, MMLP did better than 50% of them.
MMLP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MMLP is lagging the market slightly.
In the last month MMLP has a been trading in the 2.36 - 2.79 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, MMLP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.56, a Stop Loss order could be placed below this zone.
More info and screens
2.08
2.97
We found 4 important support areas.
- A support zone ranging from 2.52 to 2.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.46 from a horizontal line in the daily time frame.
- Support @2.28 from a trend line in the weekly time frame.
- Support @2.10 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.74 to 2.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.94 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.29
Mansfield0.04
10 Day High2.76
10 Day Low2.36
20 Day High2.79
20 Day Low2.36
52 Week High3.3
52 Week Low1.95
Performance
1 Week-0.36%
2 Weeks8.33%
1 Month3.02%
3 Month20.8%
6 Month8.33%
12 Month4.2%
2 Year-38.65%
3 Year28.77%
5 Year-64.68%
10 Year-93.56%
15 Year-85.92%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)57.18
LBB2.44
UBB2.8
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.77 | 2.51 | 0.26 (9.39%) | 10.65% |
| An entry @2.77. This is a Buy Stop order right above the resistance zone. | An exit @2.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.26 points, which is 9.39%. | When investing 10.65% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MMLP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MARTIN MIDSTREAM PARTNERS LP
NASDAQ:MMLP (4/24/2024, 4:22:48 PM)
2.73
+0.13 (+5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg5%
1 Week-0.36%
2 Weeks8.33%
1 Month3.02%
3 Month20.8%
6 Month8.33%
12 Month4.2%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.19
ATR(20)%6.31%
ATR Inc
Range Today0.24
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.76
10 Day Low2.36
20 Day High2.79
20 Day Low2.36
52 Week High3.3
52 Week Low1.95
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume38.05K
Volume Incr15.82%
Vol(5)56.65K
Vol(50)48.62K