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

Grade Last Price % Change Price Change
B 47.97 0.42% 0.20
MMP closed down 0.6 percent on Thursday, May 6, 2021, on approximately normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up
Historical MMP trend table...

Date Alert Name Type % Chg
180 Bullish Setup Bullish Swing Setup 0.42%
Upper Bollinger Band Walk Strength 0.42%
Overbought Stochastic Strength 0.42%
Gapped Down Weakness 0.42%
NR7 Range Contraction -0.19%
Stochastic Reached Overbought Strength -0.19%
Upper Bollinger Band Walk Strength -0.19%
BB Squeeze Ended Range Expansion -0.19%
Overbought Stochastic Strength -0.19%
Up 3 Days in a Row Strength -0.19%
Older End-of-Day Signals for MMP ...

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

Alert Time
60 Minute Opening Range Breakout about 2 hours ago
Bullish 180 Entry about 2 hours ago
Rose Above Previous Day's High about 2 hours ago
10 DMA Support about 4 hours ago
Down 1% about 4 hours ago
View Earlier Intraday Alerts

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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 Petroleum Gas Liquefied Petroleum Gas Oil Storage Ammonia Inventory Management Integrated Oil Heating Oil Oklahoma Supply Management Oil Terminal Kinder Morgan 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 49.91
52 Week Low 32.61
Average Volume 1,380,099
200-Day Moving Average 41.57
50-Day Moving Average 45.01
20-Day Moving Average 46.28
10-Day Moving Average 47.17
Average True Range 0.91
ADX 30.85
+DI 29.81
-DI 17.70
Chandelier Exit (Long, 3 ATRs ) 45.85
Chandelier Exit (Short, 3 ATRs ) 47.19
Upper Bollinger Band 48.38
Lower Bollinger Band 44.18
Percent B (%b) 0.85
BandWidth 9.08
MACD Line 0.89
MACD Signal Line 0.75
MACD Histogram 0.14
Fundamentals Value
Market Cap 10.69 Billion
Num Shares 224 Million
EPS 4.05
Price-to-Earnings (P/E) Ratio 11.79
Price-to-Sales 3.80
Price-to-Book 4.05
PEG Ratio 1154.75
Dividend 4.11
Dividend Yield 8.60%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 49.27
Resistance 3 (R3) 49.14 48.51 49.02
Resistance 2 (R2) 48.51 48.13 48.58 48.94
Resistance 1 (R1) 48.14 47.89 48.33 48.27 48.85
Pivot Point 47.51 47.51 47.60 47.58 47.51
Support 1 (S1) 47.14 47.13 47.33 47.27 46.69
Support 2 (S2) 46.51 46.89 46.58 46.60
Support 3 (S3) 46.14 46.51 46.52
Support 4 (S4) 46.27