MAGELLAN MIDSTREAM PARTNERS (MMP)
US5590801065
Overall MMP gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MMP did better than 93% of all other stocks. On top of that, MMP also shows a nice and consistent pattern of rising prices.
MMP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 89% of 213 stocks in the same industry.
MMP is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MMP is leading the market.
In the last month MMP has a been trading in the 64.61 - 69.90 range, which is quite wide. It is currently trading near the high of this range.
MMP has an average volume of 1946800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
MMP has an excellent technical rating, but the quality of the setup is only medium 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
46.31
69.97
We found 4 important support areas.
- A support zone ranging from 65.31 to 68.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 59.15 to 59.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.09 from a trend line in the weekly time frame.
- Support @46.78 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 69.01 to 69.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.35
Mansfield1.64
10 Day High69.9
10 Day Low66.18
20 Day High69.9
20 Day Low64.61
52 Week High69.9
52 Week Low45.52
Performance
1 Week1.13%
2 Weeks3.81%
1 Month5.47%
3 Month16.01%
6 Month33.8%
12 Month48.55%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)0.12
RSI(14)64.85
LBB65.18
UBB70.3
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 |
|---|---|---|---|
| 69.29 | 66.17 | 3.12 (4.50%) | 22.21% |
| 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 trade has a worst case loss of 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. |
- 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.
MAGELLAN MIDSTREAM PARTNERS
NYSE:MMP (9/22/2023, 7:13:22 PM)
After market: 69.01 +0.01 (+0.01%)69
+0.46 (+0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.67%
1 Week1.13%
2 Weeks3.81%
1 Month5.47%
3 Month16.01%
6 Month33.8%
12 Month48.55%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.23
ATR(20)%1.56%
ATR Inc
Range Today1.1
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 High69.9
10 Day Low66.18
20 Day High69.9
20 Day Low64.61
52 Week High69.9
52 Week Low45.52
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume31.03M
Volume Incr659.78%
Vol(5)9.45M
Vol(50)1.95M