NAVIOS MARITIME PARTNERS LP (NMM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NMM - MHY622674098
Overall NMM gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NMM is only an average performer.
NMM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 52.70, a Stop Loss order could be placed below this zone.
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33.06
We found 5 important support areas.
- A support zone ranging from 52.29 to 52.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.58 to 46.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.02 from a trend line in the daily time frame.
- Support @43.00 from a horizontal line in the daily time frame.
- Support @33.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 52.91 to 53.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 78.1 | POSITIVE | NMM has a high relative strength, it outperformed 78.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NMM is above the rising 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) | 68.74 | NEUTRAL | The RSI value for NMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests NMM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.1 | NEUTRAL | The Stochastics value for NMM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for NMM suggests some volalility. |
| Average Directional Index/ADX (14) | 32.11 | POSITIVE | The high ADX value value for NMM suggests a strong trend. |
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 |
|---|---|---|---|
| 53.30 | 52.28 | 1.02 (1.91%) | 25.00% |
| An entry @53.30. This is a Buy Stop order right above the resistance zone. | An exit @52.28. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.02 points, which is 1.91%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.48%. |
- The distance between exit and entry is rather small compared to the average daily movement of NMM. Please evaluate whether better entry and exit points can be found.
- 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.
52.9
-0.18 (-0.34%)
NAVIOS MARITIME PARTNERS LP / NMM FAQ
What is the ChartMill technical rating of NAVIOS MARITIME PARTNERS LP (NMM) stock?
ChartMill assigns a technical rating of 8 / 10 to NMM.
What is the current trend direction of NAVIOS MARITIME PARTNERS LP (NMM) stock?
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 68.7361. This indicates that the stock is currently neutral.
What is the short term momentum for NAVIOS MARITIME PARTNERS LP (NMM) stock?
The short term momentum for NAVIOS MARITIME PARTNERS LP (NMM) is positive.
Can you provide the support and resistance levels for NAVIOS MARITIME PARTNERS LP?
NAVIOS MARITIME PARTNERS LP (NMM) has a support level at 52.7 and a resistance level at 52.91. Check the full technical report for our detailed analysis of NMM support and resistance levels.