In its latest trading session, Martin Midstream Partners L.P. (MMLP) spiked up by 8.7% – here is what that looked like (as of 2019-10-29):
What’s the reason for these moves? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 21.234, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.194, an Accumulation/Distribution Index (ADI) of 0.194, an On-Balance Volume (OBV) of 19.345, and a Chaiikin Money Flow (CMF) of -4.85. 1.304
So what do these technical indicators mean? Let’s see. According to Trading View, putting it all together gets the following:
That is what an analysis of technical indicators seems to indicate for Martin Midstream Partners L.P. (MMLP). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.
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