NAVIOS MARITIME PARTNERS LP (NMM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NMM - MHY622674098
Overall NMM gets a technical rating of 10 out of 10. Both in the recent history as in the last year, NMM 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, NMM did better than 86% of all other stocks.
- NMM is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NMM has a been trading in the 50.93 - 59.63 range, which is quite wide. It is currently trading near the high of this range.
- NMM is an average performer in the Marine Transportation industry, it outperforms 61% of 35 stocks in the same industry.
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
49.58
We found 3 important support areas.
- A support zone ranging from 55.25 to 55.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 53.44 to 54.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.08 to 50.60. 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 | 86.99 | POSITIVE | NMM has a high relative strength, it outperformed 86.99% 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) | 71.23 | OVERBOUGHT | The high RSI value suggests NMM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests NMM has a positive trend. |
| Stochastics (14,3) | 88.78 | OVERBOUGHT | The high Stochastics value suggests NMM may be overbought. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for NMM suggests some volalility. |
| Average Directional Index/ADX (14) | 33.73 | 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 |
|---|---|---|---|
| 59.64 | 55.09 | 4.55 (7.63%) | 13.10% |
| An entry @59.64. This is a Buy Stop order right above the 10 day high. | An exit @55.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.55 points, which is 7.63%. | When investing 13.10% 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.
58.9
+0.8 (+1.38%)
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 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 71.2274. This indicates that the stock is currently overbought.
Can you provide the MACD signal for NAVIOS MARITIME PARTNERS LP?
The MACD indicator for NAVIOS MARITIME PARTNERS LP (NMM) has a value of 0.266848, 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.