MARPS NEWS why is Marine Petroleum Trust price falling or rising

MARPS NEWS reasons for why stock price of Marine Petroleum Trust is falling or rising

MARPS Marine Petroleum is falling or rising technical reasons

Technical analysis forecast for Marine Petroleum Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Marine Petroleum MARPS at this time. Stock is falling and might fall more.

It appears as if Marine Petroleum MARPS gave a large move recently.

Stock of Marine Petroleum (MARPS) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Marine Petroleum is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Marine Petroleum stays below 3.9, but if it comes above 3.9, then a intra day buy could be more profitable.
If you take a sell trade below 3.9, then use 3.9 as stoploss and 3.7 as target. However if you take a buy trade in Marine Petroleum, then use 3.9 as stoploss and 3.96 as target.

MARPS Marine Petroleum is falling or rising NEWS fundamental reasons

More announcements and NEWS

MARPS Marine Petroleum Trust current price & indicator signals

Moving Averages for Marine Petroleum Trust

  • 5Day Average: 3.89
  • 12Day Average: 3.88
  • 20Day Average: 3.93
  • 50Day Average: 4.13
  • 100Day Average: 4.23
  • 150Day Average: 4.31
  • 200Day Average: 4.47

MARPS Indicators & signals

Indicator MACD (12,26,9)

3.91, 4, -0.1
Indicator MACD is in negative zone

Indicator ADX (14)

0, 46.67, 46.67
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MARPS Marine Petroleum Trust are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Tue Jul 2024 3.82 3.82 to 3.95 -0.78% 1.12 times
01 Mon Jul 2024 3.85 3.85 to 4.00 -2.53% 0.63 times
28 Fri Jun 2024 3.95 3.81 to 4.05 0.25% 3.26 times
27 Thu Jun 2024 3.94 3.92 to 4.03 1.03% 0.96 times
26 Wed Jun 2024 3.90 3.89 to 3.92 -0.51% 1.22 times
25 Tue Jun 2024 3.92 3.90 to 3.92 -0.25% 0.33 times
24 Mon Jun 2024 3.93 3.93 to 3.95 0.51% 0.35 times
21 Fri Jun 2024 3.91 3.89 to 3.96 0.51% 0.49 times
20 Thu Jun 2024 3.89 3.86 to 3.96 1.57% 0.94 times
18 Tue Jun 2024 3.83 3.83 to 3.96 0% 0.91 times
18 Tue Jun 2024 3.83 3.83 to 3.96 -0.26% 0.91 times
17 Mon Jun 2024 3.84 3.80 to 3.86 1.59% 0.63 times

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MARPS NEWS why is Marine Petroleum Trust price falling or rising

 

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