69 +0.46 (+0.67%)
After market: 69.01 +0.01 (+0.01%)
We assign a technical rating of 10 out of 10 to MMP. Both in the recent history as in the last year, MMP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although MMP has an excellent technical rating, the quality of the presented setup is 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.
When analyzing the support we can see 4 important areas.
When analyzing the resistance we notice one important area.
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.
|An entry @69.29. This is a Buy Stop order right above the resistance zone.||An exit @66.17. This is a Stop Loss order right below the 10 day low.||The worst case loss on the trade is limited to 3.12 points, which is 4.50%.||For a 1.00% total portfolio risk, you can invest 22.21% of your capital in this trade.|
MAGELLAN MIDSTREAM PARTNERS
NYSE:MMP (9/22/2023, 7:13:22 PM)After market: 69.01 +0.01 (+0.01%)