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Magellan Midstream Partners L.P. (MMP) - Buy, Sell or Hold?

Sector: Energy   Sub-Sector: Natural Gas Distribution
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017Hanging ManHammerThu, 16 Nov 2017-0.46%
***Stock database and scans are updated around midnight (New York time) every trading day.
64.85 0.00 (0%) Nov 17 4:00pm EST
Open: 65.42 Range: 64.24 - 65.43 Vol: 898.61K Avg Vol: 662.55K
EPS: 3.69 P/E ratio: 18.63 EBITDA: 1.12B Mkt Cap: 15.67B
Analyze "MMP" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 65.30
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 67.35
Last Trade is below the 50 day moving average at 69.11
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 72.07
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MMP

Stock Trend Analysis - Buy, Sell or Hold "Magellan Midstream Partners L.P." (MMP)?

MMP is in a long term downtrend and it has traded about 55% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 662.6K shares changing hands. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also showing some signs of weakness as MMP has been trading below its 20 SMA for 67.5% of the time in the last 8 weeks. As MMP is in a downtrend characterized by the 200 SMA, currently at 72.07, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MMP".

The analyst consensus estimates for the 1 year price target for this stock is $78.21* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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