MARTIN MIDSTREAM PARTNERS LP (MMLP) Stock Technical Analysis
NASDAQ:MMLP - Nasdaq - US5733311055 - Currency: USD
We assign a technical rating of 2 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MMLP is a bad performer in the overall market: 79% of all stocks are doing better.
MMLP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 68% of 213 stocks in the same industry do better.
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 2.91 - 3.47 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.
Although the technical rating is bad, MMLP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
2.61
3.74
3 important support areas can be observed.
- A support zone ranging from 2.97 to 2.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.71 from a trend line in the weekly time frame.
- A support zone ranging from 2.64 to 2.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 3.11 to 3.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.21 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 3.33 to 3.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.54 from a trend line in the daily time frame.
- A resistance zone ranging from 3.65 to 3.70. This zone is formed by a combination of multiple trend lines in the daily 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 | DOWN | NEGATIVE | The long term trend for MMLP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MMLP is neutral. |
| ChartMill Relative Strength | 21.12 | NEGATIVE | MMLP has a low relative strength, it was outperformed by 78.88% 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 | NEGATIVE | The current price of MMLP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.74 | NEUTRAL | The RSI value for MMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MMLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.55 | NEUTRAL | The Stochastics value for MMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.36 | HIGH VOLATILITY | The high ATR as a percentage value for MMLP suggests high volalility. |
| Average Directional Index/ADX (14) | 29.19 | POSITIVE | The high ADX value value for MMLP suggests a strong trend. |
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)
NASDAQ:MMLP (6/20/2025, 8:00:00 PM)
3.1
-0.02 (-0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.64%
1 Week-7.74%
2 Weeks-1.27%
1 Month2.65%
3 Month-16.22%
6 Month-22.69%
12 Month-6.34%
2 Year44.19%
3 Year-22.11%
5 Year160.5%
10 Year-89.99%
15 Year-89.94%
Volatility
ATR(14)0.19
ATR(20)%5.36%
ATR Inc-35.36%
Range Today0.12
ADR(20)0.16
ADR(20)%5.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.12
Mansfield-1.54
10 Day High3.47
10 Day Low2.99
20 Day High3.47
20 Day Low2.91
52 Week High4.13
52 Week Low2.56
CS1 End2.98
CR1 Start3.11
Volume & EV
DER(3)-11%
DER(5)-4.4%
Volume63.80K
Volume Incr-70.26%
Vol(5)22.90K
Vol(50)69.11K