Why Magellan Midstream Partners L.P. ($MMP) Is Doing What It’s Doing (2019-07-15)

Our first news is that we’ve found some terrific services that we believe will help immensely if you are trading Magellan Midstream Partners L.P. – take a quick look through the following:

Beat The Market Analyzer: https://logistics-business-review.com/recommended-tool-for-MMP-investors (this is a fantastic tool – use this to analyze Magellan Midstream Partners L.P. in much more depth)
MM Publishing: https://logistics-business-review.com/mmpublishing-for-MMP-investors
Trading Code: https://logistics-business-review.com/tradingcode-for-MMP-investors
Trader HR: https://logistics-business-review.com/traderHR-for-MMP-investors

REPORTING FOR 2019-07-15 | LOGISTICS-BUSINESS-REVIEW.COM: We have conducted a deep analysis of how Magellan Midstream Partners L.P. ($MMP) has been trading over the last 2 weeks and the past day especially. On its latest session, Magellan Midstream Partners L.P. ($MMP) opened at 65.95, reaching a high of 66.29 and a low of 65.7376 before closing at a price of 65.9. There was a total volume of 671690.

VOLUME INDICATORS: We saw an accumulation-distribution index of 263.64745, an on-balance volume of -66.02, chaikin money flow of 2.24941 and a force index of 0.18833. There was an ease of movement rating of 0.00082, a volume-price trend of 4.62841 and a negative volume index of 1000.0.

VOLATILITY: We noted an average true range of 0.49405, bolinger bands of 65.79913, an upper bollinger band of 65.60877, lower bollinger band of 65.7376, a bollinger high band indicator of nan, bollinger low band indicator of 1.0, a central keltner channel of 65.99253, high band keltner channel of 65.65253, low band keltner channel of 66.33253, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 65.7376, a donchian channel low band of 65.7376, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND: We calculated a Moving Average Convergence Divergence (MACD) of -0.00151, a MACD signal of -0.00084, a MACD difference of -0.00067, a fast Exponential Moving Average (EMA) indicator of 65.7376, a slow Exponential Moving Average (EMA) indicator of 65.7376, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 1.14073, a trix of 5.2673, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -4.32769, a KST Oscillator (KST) of 70.47221 and a KST Oscillator (KST Signal) of 70.47221 (leaving a KST difference of -0.27398). We also found an Ichimoku rating of 66.12, an Ichimoku B rating of 66.12, a Ichimoku visual trend A of 62.55749, an Ichimoku visual trend B of 63.16613, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 95.32168, a stochastic oscillator of 162.47059, a stochastic oscillator signal of 162.47059, a Williams %R rating of 62.47059 and an awesome oscillator of -0.15367.

RETURNS: There was a daily return of 7.04722, a daily log return of -0.10243 and a cumulative return of -0.10238.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-07-15 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Magellan Midstream Partners L.P. ($MMP)…

For a more complete analysis, run all of this through the BTMA software. Also, to stay up to date with what is happening on Magellan Midstream Partners L.P., we strongly advise Magellan Midstream Partners L.P. investors to subscribe to MarketBeat.com’s daily email newsletter for updates, news and analyst ratings on stocks like Magellan Midstream Partners L.P. – without this you are trading blind:

We will of course continue to cover the news and price action of Magellan Midstream Partners L.P., but it’s easiest for you to just subscribe to MarketBeat’s newsletter above so you don’t miss anything.

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Magellan Midstream Partners L.P. ($MMP) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

Gary Ivenchuck

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