MARTIN MIDSTREAM PARTNERS LP (MMLP) Stock Technical Analysis
NASDAQ:MMLP - Nasdaq - US5733311055 - Currency: USD
We assign a technical rating of 6 out of 10 to MMLP. Although MMLP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Looking at the yearly performance, MMLP did better than 84% of all other stocks. We also observe that the gains produced by MMLP over the past year are nicely spread over this period.
MMLP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 85% of 211 stocks in the same industry.
MMLP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MMLP is lagging the market slightly.
In the last month MMLP has a been trading in the 3.33 - 3.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Although the technical rating is only medium, MMLP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.59. Right above this resistance zone may be a good entry point.
More info and screens
2.48
4.10
When analyzing the support we can see 5 important areas.
- Support @3.52 from a trend line in the daily time frame.
- Support @3.46 from a horizontal line in the daily time frame.
- Support @3.38 from a trend line in the weekly time frame.
- A support zone ranging from 3.20 to 3.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.50 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.59 to 3.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.00 to 4.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.9
Mansfield-0.21
10 Day High3.75
10 Day Low3.44
20 Day High3.75
20 Day Low3.33
52 Week High4.13
52 Week Low2.28
Performance
1 Week-0.56%
2 Weeks-2.72%
1 Month0.28%
3 Month-9.82%
6 Month-3.24%
12 Month46.72%
2 Year43.2%
3 Year8.81%
5 Year47.33%
10 Year-88.83%
15 Year-88.68%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)48.48
LBB3.49
UBB3.71
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 |
|---|---|---|---|
| 3.67 | 3.51 | 0.16 (4.36%) | 22.94% |
| An entry @3.67. This is a Buy Stop order right above the resistance zone. | An exit @3.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.16 points, which is 4.36%. | For a 1.00% total portfolio risk, you can invest 22.94% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MMLP. 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.
NASDAQ:MMLP (2/21/2025, 8:00:01 PM)
3.58
-0.04 (-1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.1%
1 Week-0.56%
2 Weeks-2.72%
1 Month0.28%
3 Month-9.82%
6 Month-3.24%
12 Month46.72%
2 Year43.2%
3 Year8.81%
5 Year47.33%
10 Year-88.83%
15 Year-88.68%
Volatility
ATR(14)0.17
ATR(20)%5.04%
ATR Inc-46.61%
Range Today0.11
ADR(20)0.18
ADR(20)%5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.9
Mansfield-0.21
10 Day High3.75
10 Day Low3.44
20 Day High3.75
20 Day Low3.33
52 Week High4.13
52 Week Low2.28
CS1 End3.52
CR1 Start3.59
Volume & EV
DER(3)-14.91%
DER(5)-12.47%
Volume78.70K
Volume Incr9.63%
Vol(5)91.04K
Vol(50)125.10K