NMM Technical Analysis - NAVIOS MARITIME PARTNERS LP

Technical Rating and Analysis

Taking everything into account, NMM scores 2 out of 10 in our technical rating. NMM was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

When comparing the yearly performance of all stocks, NMM is a bad performer in the overall market: 77% of all stocks are doing better.

NMM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

NMM is part of the Marine Transportation industry. There are 35 other stocks in this industry, NMM did better than 58% of them.

NMM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NMM is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NAVIOS MARITIME PARTNERS LP / NMM Weekly stock chart

NAVIOS MARITIME PARTNERS LP / NMM Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, NMM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 44.25, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

32.71

49.69

3 important support areas can be observed.

A support zone ranging from 43.00 to 44.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @40.80 from a horizontal line in the daily time frame.
Support @33.04 from a trend line in the weekly time frame.

We can see 3 important resistance areas.

Resistance @47.05 from a trend line in the weekly time frame.
Resistance @48.25 from a horizontal line in the weekly time frame.
Resistance @49.20 from a horizontal line in the daily time frame.

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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 NMM is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NMM is down.
ChartMill Relative Strength	23.59	NEGATIVE	NMM has a low relative strength, it was outperformed by 76.41% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NMM is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NMM is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NMM is above the rising SMA(200).
Relative Strength Index/RSI (14)	43.01	NEUTRAL	The RSI value for NMM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.16	NEGATIVE	The MACD value suggests NMM has a negative trend, although the MACD value is rising.
Stochastics (14,3)	25.26	NEUTRAL	The Stochastics value for NMM is a neutral value.
Average True Range in percent/ATR (20)	2.78	MEDIUM VOLATILITY	The ATR as a percentage value for NMM suggests some volalility.
Average Directional Index/ADX (14)	31.26	POSITIVE	The high ADX value value for NMM suggests a strong trend.