NYSE:NMM • MHY622674098
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.
Although NMM has an excellent technical rating, it does not present a decent entry opportunity 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.
51.87
When analyzing the support we can see 4 important areas.
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 | 90.9 | POSITIVE | NMM has a high relative strength, it outperformed 90.9% 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) | 77.69 | OVERBOUGHT | The high RSI value suggests NMM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests NMM has a positive trend. |
| Stochastics (14,3) | 86.4 | OVERBOUGHT | The high Stochastics value suggests NMM may be overbought. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for NMM suggests some volalility. |
| Average Directional Index/ADX (14) | 51.01 | POSITIVE | The high ADX value value for NMM suggests a strong trend. |
68.5
+0.22 (+0.32%)
ChartMill assigns a technical rating of 10 / 10 to NMM.
The current trend direction for NAVIOS MARITIME PARTNERS LP (NMM) is Bullish.
NAVIOS MARITIME PARTNERS LP (NMM) has an RSI value of 77.6863. This indicates that the stock is currently overbought.
The MACD indicator for NAVIOS MARITIME PARTNERS LP (NMM) has a value of 0.618271, indicating a bearish trend.
The short term momentum for NAVIOS MARITIME PARTNERS LP (NMM) is positive.