MMP NEWS why is Magellan Midstream Partners L.p. price falling or rising

MMP NEWS reasons for why stock price of Magellan Midstream Partners L.p. is falling or rising

MMP Magellan Midstream is falling or rising technical reasons

Technical analysis forecast of Magellan Midstream Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Magellan Midstream MMP at this time. Stock is rising and might rise more.

It appears as if Magellan Midstream MMP gave a large move recently.

Stock of Magellan Midstream (MMP) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Magellan Midstream is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Magellan Midstream stays above 68.8, but if it comes below 68.8, then a intra day sell could be more profitable.
If you take a sell trade below 68.8, then use 68.8 as stoploss and 67.57 as target. However if you take a buy trade in Magellan Midstream, then use 68.8 as stoploss and 70.3 as target.

MMP Magellan Midstream is falling or rising NEWS fundamental reasons

More announcements and NEWS

MMP Magellan Midstream Partners L.p. current price & indicator signals

Moving Averages for Magellan Midstream Partners L.p.

  • 5Day Average: 68.81
  • 12Day Average: 68.06
  • 20Day Average: 67.36
  • 50Day Average: 66.08
  • 100Day Average: 63.39
  • 150Day Average: 60.29
  • 200Day Average: 58.26

MMP Indicators & signals

Indicator MACD (12,26,9)

68.15, 67.21, 0.83
Indicator MACD is in positive zone

Indicator ADX (14)

15.56, 24.07, 17.59
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MMP Magellan Midstream Partners L.p. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
22 Fri Sep 2023 69.00 68.80 to 69.90 0.67% 11.18 times
21 Thu Sep 2023 68.54 68.54 to 69.58 -0.75% 2.36 times
20 Wed Sep 2023 69.06 67.31 to 69.45 0.13% 1.18 times
19 Tue Sep 2023 68.97 68.27 to 69.21 0.69% 0.85 times
18 Mon Sep 2023 68.50 67.60 to 68.64 0.4% 1.47 times
15 Fri Sep 2023 68.23 68.06 to 69.35 -1.52% 0.91 times
14 Thu Sep 2023 69.28 68.33 to 69.40 1.61% 1.31 times
13 Wed Sep 2023 68.18 67.52 to 68.25 0.44% 0.35 times
12 Tue Sep 2023 67.88 66.45 to 67.95 2.15% 0.57 times
11 Mon Sep 2023 66.45 66.18 to 67.13 -0.03% 0.42 times
08 Fri Sep 2023 66.47 66.14 to 66.87 0.47% 0.59 times
07 Thu Sep 2023 66.16 64.61 to 66.44 1.58% 0.95 times

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MMP NEWS why is Magellan Midstream Partners L.p. price falling or rising

 

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