Technical Analysis for MMP - Magellan Midstream Partners L.P. Limited Partnership

Grade Last Price % Change Price Change
A 49.47 1.83% 0.89
MMP closed up 1.83 percent on Monday, May 16, 2022, on 66 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Up

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Crossed Above 50 DMA Bullish 0.00%
Inside Day Range Contraction 0.00%
Up 3 Days in a Row Strength 0.00%
20 DMA Resistance Bearish 1.83%
50 DMA Resistance Bearish 1.83%
Shooting Star Candlestick Bearish 1.83%
Crossed Above 200 DMA Bullish 1.83%
Calm After Storm Range Contraction 1.83%
Doji - Bearish? Reversal 1.83%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
20 DMA Resistance about 5 hours ago
Rose Above 20 DMA about 6 hours ago
Possible Inside Day about 6 hours ago
10 DMA Support about 7 hours ago
60 Minute Opening Range Breakout about 8 hours ago

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Profile

Magellan Midstream Partners L.P. Limited Partnership Description

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of petroleum products in the United States. The company's petroleum pipeline system transports petroleum products, such as gasoline, diesel and aviation fuel, heating oil, crude oil, and liquefied petroleum gas for independent and integrated oil companies, wholesalers, retailers, railroads, airlines, and regional farm cooperatives. It owns and operates storage terminals that have storage capacity of approximately 36 million barrels; and provides distribution, storage, blending, inventory management, and additive injection services for refiners and other end-users of petroleum products. In addition, the company owns and operates inland terminals that have a combined storage capacity of approximately 5 million barrels; and provides inventory and supply management, distribution, and gasoline additives injection services for retail, industrial, and commercial sale markets. Further, its ammonia pipeline system transports ammonia, which is primarily used as a nitrogen fertilizer, from production facilities in Texas and Oklahoma to terminals in the Midwest. As of December 31, 2012, the company's petroleum pipeline system comprised approximately 9,600 miles of pipeline and 49 terminals; 6 petroleum storage terminals located along coastal waterways in New Haven, Connecticut, Wilmington, Delaware, Gibson and Marrero, Louisiana and Corpus Christi, and Galena Park, Texas; 1 crude oil storage terminal in Cushing, Oklahoma; and 27 inland terminals located primarily in the southeastern United States. Its ammonia pipeline system consisted of 1,100-mile ammonia pipeline and 6 terminals. Magellan GP, LLC serves as the general partner of Magellan Midstream Partners, L.P. The company was founded in 2000 and is headquartered in Tulsa, Oklahoma.


Classification

Sector: Energy
Industry: Oil & Gas Midstream
Keywords: Petroleum Industry Crude Oil Petroleum Products Midstream Liquefied Petroleum Gas Petroleum Gas Oil Storage Ammonia Inventory Management Integrated Oil Heating Oil Supply Management Oil Terminal Crude Oil Storage Semgroup Magellan Midstream Partners

Is MMP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 53.85
52 Week Low 43.58
Average Volume 1,218,708
200-Day Moving Average 48.07
50-Day Moving Average 49.39
20-Day Moving Average 49.72
10-Day Moving Average 48.75
Average True Range 1.53
RSI 50.98
ADX 14.96
+DI 22.76
-DI 23.09
Chandelier Exit (Long, 3 ATRs) 48.86
Chandelier Exit (Short, 3 ATRs) 51.50
Upper Bollinger Bands 52.96
Lower Bollinger Band 46.48
Percent B (%b) 0.46
BandWidth 13.04
MACD Line -0.39
MACD Signal Line -0.26
MACD Histogram -0.1327
Fundamentals Value
Market Cap 11.07 Billion
Num Shares 224 Million
EPS 4.05
Price-to-Earnings (P/E) Ratio 12.21
Price-to-Sales 3.80
Price-to-Book 4.05
PEG Ratio 1154.75
Dividend 4.11
Dividend Yield 8.31%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 51.06
Resistance 3 (R3) 51.00 50.42 50.80
Resistance 2 (R2) 50.42 50.01 50.45 50.71
Resistance 1 (R1) 49.94 49.76 50.18 50.00 50.62
Pivot Point 49.36 49.36 49.48 49.39 49.36
Support 1 (S1) 48.88 48.95 49.12 48.94 48.32
Support 2 (S2) 48.30 48.70 48.33 48.23
Support 3 (S3) 47.82 48.30 48.15
Support 4 (S4) 47.88