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Stock Trend Analysis Report
Prepared for you on Sunday, May 28, 2023.
Magellan Midstream Partners L.P. Limited Partnership (NYSE:MMP)
Bull Market Weakness (+75) - MMP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MMP as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for MMP
The long-term trend has been UP since Oct 28th, 2022 at 53.100
The intermediate-term trend has been UP since May 15th, 2023 at 56.590
The short-term trend has been DOWN since May 24th, 2023 at 62.045
Smart Scan Analysis for MMP
Based on our trend formula, MMP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 61.19 | 61.80 | 60.95 | 61.12 | -0.48 |
| Prev. Close | Volume | Bid | Ask | Time |
| 61.16 | 1269036 | 2023-05-26 15:59:55 |
| Year High | 75.82 | Year High Date | 2018-01-16 |
| Year Low | 54.82 | Year Low Date | 2018-03-27 |
| 52wk High | 64.42 | 52wk High Date | 2023-05-15 |
| 52wk Low | 44.79 | 52wk Low Date | 2022-07-06 |
| Year End Close | 43.19 | Average Volume | 2,376,302 |
| Shares Outstanding | 202,096 | Short Interest | 1,117,232 |
| % Institutional | 57.5 | Market Cap | 14,976M |
| Assets | 756,710,000M | Liabilities | 588,570,000M |
| P/E Ratio | 11.1594 | Beta | 0.54 |
| Volatility | 19.56 |