Stock Trend Analysis Report
Prepared for you on Monday, May 10, 2021.
Magellan Midstream (NYSE:MMP)
Countertrend Up (+85) - MMP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Apr 15th, 2021 at 45.82
The short-term trend has been DOWN since May 6th, 2021 at 47.19
Smart Scan Analysis for MMP
Based on our trend formula, MMP is rated as a +85 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||49.91||52wk High Date||2020-06-08|
|52wk Low||32.61||52wk Low Date||2020-10-02|
|Year End Close||43.19||Average Volume||1,128,684|
|Shares Outstanding||223,283||Short Interest||1,117,232|
|% Institutional||57.5||Market Cap||14,976M|