Magellan Midstream Partners Technical Analysis (NYSE:MMP)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Magellan Midstream Partners stock price data and volume are plotted in MMP stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Magellan Midstream Partners. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Magellan Midstream Partners stock analysis.
Magellan Midstream Partners Moving Average
Moving averages show the MMP stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $70.5 is above the last closing price of $70.27 and the 50 day moving average of $69.71 is below the last closing price of $70.27. The 10 and 20 day periods can predict short term moving average trends.
Magellan Midstream Partners Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MMP stock. Magellan Midstream Partners bollinger bands show that the stock price is $70.27, upper band is 72.9, lower band is 68.09, and the average is 70.5.
Magellan Midstream Partners Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Magellan Midstream Partners MACD indicator is below 0 indicating a bearish trend.
Magellan Midstream Partners Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of MMP stock is 50.8.