NAVIOS MARITIME PARTNERS LP (NMM) Technical Analysis
NYSE:NMM • MHY622674098
Current stock price
NMM Technical Rating and Analysis
Overall NMM 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, NMM is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, NMM did better than 92% of all other stocks. We also observe that the gains produced by NMM over the past year are nicely spread over this period.
- NMM is one of the better performing stocks in the Marine Transportation industry, it outperforms 88% of 35 stocks in the same industry.
- NMM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NMM is performing more or less in line with the market.
- In the last month NMM has a been trading in the 58.30 - 74.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NMM Weekly and Daily overview Charts
NMM Setup Rating and Analysis
NMM 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
NMM Support and Resistance Analysis
52.32
When analyzing the support we can see 3 important areas.
- A support zone ranging from 58.77 to 59.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.17 from a trend line in the weekly time frame.
- Support @52.85 from a trend line in the daily time frame.
NMM 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 | UP | POSITIVE | The short term trend for NMM is up. |
| ChartMill Relative Strength | 92.81 | POSITIVE | NMM has a high relative strength, it outperformed 92.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NMM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NMM is above the rising 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) | 57.51 | NEUTRAL | The RSI value for NMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests NMM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.36 | NEUTRAL | The Stochastics value for NMM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for NMM suggests some volalility. |
| Average Directional Index/ADX (14) | 30.57 | POSITIVE | The high ADX value value for NMM suggests a strong trend. |
NMM Chart- and CandleStick Pattern Analysis
NMM 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 |
|---|---|---|---|
| 68.83 | 58.29 | 10.54 (15.31%) | 6.53% |
| An entry @68.83. This is a Buy Stop order right above the 10 day high. | An exit @58.29. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 10.54 points, which is 15.31%. | For a 1.00% total portfolio risk, you can invest 6.53% 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.
NMM Technicals: Chart, Performance Metrics, Trend & Indicators
68.28
+2.85 (+4.36%)
NAVIOS MARITIME PARTNERS LP / NMM TA FAQ
What is the ChartMill technical rating of NAVIOS MARITIME PARTNERS LP (NMM) stock?
ChartMill assigns a technical rating of 10 / 10 to NMM.
Can you provide the trend direction for NAVIOS MARITIME PARTNERS LP?
The current trend direction for NAVIOS MARITIME PARTNERS LP (NMM) is Bullish.
What is the RSI signal for NMM stock?
NAVIOS MARITIME PARTNERS LP (NMM) has an RSI value of 57.5077. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NAVIOS MARITIME PARTNERS LP?
The MACD indicator for NAVIOS MARITIME PARTNERS LP (NMM) has a value of -0.134214, indicating a bearish trend.
What is the short term momentum for NMM stock?
The short term momentum for NAVIOS MARITIME PARTNERS LP (NMM) is positive.