NAVIOS MARITIME PARTNERS LP (NMM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NMM - MHY622674098
Overall NMM gets a technical rating of 5 out of 10. In the last year, NMM was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
NMM has an average technical rating and it also does not offer a high quality setup 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.
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33.23
When analyzing the support we can see 4 important areas.
- A support zone ranging from 47.92 to 48.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.74 from a trend line in the daily time frame.
- A support zone ranging from 43.00 to 43.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.57 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.52 to 55.82. 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 | DOWN | NEGATIVE | The short term trend for NMM is down. |
| ChartMill Relative Strength | 76.62 | POSITIVE | NMM has a high relative strength, it outperformed 76.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NMM is below 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) | 41.58 | NEUTRAL | The RSI value for NMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests NMM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.25 | OVERSOLD | The low Stochastics value suggests NMM may be oversold. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for NMM suggests some volalility. |
| Average Directional Index/ADX (14) | 25.12 | POSITIVE | The high ADX value value for NMM suggests a strong trend. |
50.53
+0.04 (+0.08%)
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 5 / 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 41.5765. 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 negative.
Can you provide the support and resistance levels for NAVIOS MARITIME PARTNERS LP?
NAVIOS MARITIME PARTNERS LP (NMM) has a support level at 48.57 and a resistance level at 55.52. Check the full technical report for our detailed analysis of NMM support and resistance levels.