Stock Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Magellan Midstream Partners L.P. Limited Partnership (NYSE:MMP)
Long-Term Uptrend (+90) - MMP is in a strong uptrend that is likely to continue. While MMP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MMP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MMP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MMP
The long-term trend has been UP since Nov 18th, 2020 at 42.29
The intermediate-term trend has been UP since Oct 15th, 2021 at 48.19
The short-term trend has been UP since Oct 5th, 2021 at 46.58
Smart Scan Analysis for MMP
Based on our trend formula, MMP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||75.82||Year High Date||2018-01-16|
|Year Low||54.82||Year Low Date||2018-03-27|
|52wk High||53.85||52wk High Date||2021-06-11|
|52wk Low||33.95||52wk Low Date||2020-11-06|
|Year End Close||43.19||Average Volume||1,264,797|
|Shares Outstanding||221,560||Short Interest||1,117,232|
|% Institutional||57.5||Market Cap||14,976M|