Martin Midstream Partners Technical Analysis (NASDAQ:MMLP)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The MMLP stock chart pattern can give those who understand technical analysis an indication of which way MMLP stock is headed, but cannot predict with 100% certainty as to what can happen to the Martin Midstream Partners stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Martin Midstream Partners. The technical analysis form of Martin Midstream Partners stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Martin Midstream Partners Moving Average
Moving averages show the average price of MMLP stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $13.91 is above the last closing price of $13 and the 50 day moving average of $15.03 is above the last closing price of $13. The 10 and 20 day periods can predict short term moving average trends.
Martin Midstream Partners Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Martin Midstream Partners. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Martin Midstream Partners bollinger bands show that the stock price is $13, upper band is 15.25, lower band is 12.58, and the average is 13.91.
Martin Midstream Partners Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Martin Midstream Partners MACD indicator is below 0 indicating a bearish trend.
Martin Midstream Partners Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 34 is the RSI value of MMLP stock.