MAGELLAN MIDSTREAM PARTNERS (MMP) Technical Analysis
NYSE:MMP • US5590801065
Current stock price
MMP Technical Rating and Analysis
Overall MMP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MMP is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MMP is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by MMP over the past year are nicely spread over this period.
- MMP is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. MMP outperforms 74% of them.
- A new 52 week high is currently being made by MMP, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, 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 Weekly and Daily overview Charts
MMP Setup Rating and Analysis
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
MMP Support and Resistance Analysis
46.31
4 important support areas can be observed.
- 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.
MMP Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for MMP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MMP is up. |
| ChartMill Relative Strength | 93.35 | POSITIVE | MMP has a high relative strength, it outperformed 93.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MMP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MMP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MMP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.85 | NEUTRAL | The RSI value for MMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests MMP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.67 | OVERBOUGHT | The high Stochastics value suggests MMP may be overbought. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for MMP suggests low volalility. |
| Average Directional Index/ADX (14) | 22.01 | NEUTRAL | The ADX value for MMP suggests a possible start of a new trend. |
MMP Chart- and CandleStick Pattern Analysis
MMP Example Setup
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%. | When investing 22.21% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
MMP Technicals: Chart, Performance Metrics, Trend & Indicators
69
+0.46 (+0.67%)
MAGELLAN MIDSTREAM PARTNERS / MMP TA FAQ
What is the technical rating for MMP stock?
ChartMill assigns a technical rating of 10 / 10 to MMP.
What is the current trend direction of MAGELLAN MIDSTREAM PARTNERS (MMP) stock?
The current trend direction for MAGELLAN MIDSTREAM PARTNERS (MMP) is Bullish.
Can you provide the RSI signal for MAGELLAN MIDSTREAM PARTNERS?
MAGELLAN MIDSTREAM PARTNERS (MMP) has an RSI value of 64.8547. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MAGELLAN MIDSTREAM PARTNERS?
The MACD indicator for MAGELLAN MIDSTREAM PARTNERS (MMP) has a value of 0.119072, indicating a bearish trend.
What are the support and resistance levels for MAGELLAN MIDSTREAM PARTNERS (MMP) stock?
MAGELLAN MIDSTREAM PARTNERS (MMP) has a support level at 68.41 and a resistance level at 69.01. Check the full technical report for our detailed analysis of MMP support and resistance levels.