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

Grade Last Price % Change Price Change
grade B 61.79 -1.77% -1.11
MMP closed up 0.19 percent on Wednesday, May 22, 2019, on 1.27 times normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Flat Up
See historical MMP trend table...

Date Alert Name Type % Chg
Crossed Above 200 DMA Bullish -1.76%
Pocket Pivot Bullish Swing Setup -1.76%
Stochastic Reached Overbought Strength -1.76%
Overbought Stochastic Strength -1.76%
Up 3 Days in a Row Strength -1.76%
Upper Bollinger Band Touch Strength -1.76%
200 DMA Resistance Bearish -1.58%
MACD Bullish Centerline Cross Bullish -1.58%
BB Squeeze Ended Range Expansion -1.58%
Above Upper BB Strength -1.58%

Older signals for MMP ...

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Profile
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.
Energy Transportation Petroleum Industry Crude Oil Petroleum Products Midstream Petroleum In The United States Petroleum Gas Heating Oil Inventory Management Oklahoma Supply Management Corpus Christi Day Cushing Kinder Morgan Semgroup Oil Terminal
Is MMP a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 0 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 72.9
52 Week Low 54.25
Average Volume 759,107
200-Day Moving Average 62.8362
50-Day Moving Average 61.4938
20-Day Moving Average 61.439
10-Day Moving Average 61.411
Average True Range 0.9908
ADX 13.76
+DI 25.3684
-DI 15.6547
Chandelier Exit (Long, 3 ATRs ) 60.1876
Chandelier Exit (Short, 3 ATRs ) 62.6724
Upper Bollinger Band 62.9907
Lower Bollinger Band 59.8873
Percent B (%b) 0.97
BandWidth 5.051189
MACD Line 0.1789
MACD Signal Line -0.0225
MACD Histogram 0.2014
Fundamentals Value
Market Cap 14.35 Billion
Num Shares 228 Million
EPS 3.69
Price-to-Earnings (P/E) Ratio 17.05
Price-to-Sales 6.33
Price-to-Book 7.20
PEG Ratio 1.75
Dividend 3.52
Dividend Yield 5.60%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 64.16
Resistance 3 (R3) 64.11 63.63 63.95
Resistance 2 (R2) 63.63 63.31 63.66 63.88
Resistance 1 (R1) 63.27 63.11 63.45 63.32 63.81
Pivot Point 62.79 62.79 62.89 62.82 62.79
Support 1 (S1) 62.43 62.47 62.61 62.48 61.99
Support 2 (S2) 61.95 62.27 61.98 61.92
Support 3 (S3) 61.59 61.95 61.85
Support 4 (S4) 61.64