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MMP Stock Forecast and Stock Price Prediction

NYSE : MMP

Magellan Midstream Partners LP

$69.00
0.46+0.67%
At Close 4:00 PM
Not Actively Trading
68.46
BESG ScoreESG Rating

Stock Forecast Chart

Stock Price Prediction Summary

Closed PriceN/A
Predicted PriceN/A
Upper Predicted PriceN/A
Lower Predicted PriceN/A

Forecast Score Based on 2 Weeks

020406080100
NA

Based on our forecast, the price of MMP will - over the next 2 Weeks and hit - by . In that time frame, MMP's share price is expected to range between - and -.

BearishAverageBullish
DatePredicted LowerPredictedPredicted Upper
No Data

MMP shares rose +0.67% in Friday, September 22, 2023's trading session, rising from a previous close of $68.54 to move at $69.00. The stock demonstrated notable intraday movement (see MMP's key stats for a full breakdown), fluctuating between $68.80 and $69.89, a +1.58% trading range. While recent weeks have seen some volatility, MMP has managed to secure a +3.84% gain over the past 2 weeks. The upward price movement was accompanied by increased trading volume, with approximately 31.03M shares changing hands, 24.49M more than the previous session. This amounted to $2.14B in total market activity.

Will MMP Continue Its Trend?

According to analyst ratings and projections for MMP, Magellan Midstream Partners, L.P. shares are anticipated to remain stable by -, potentially reaching - per share by January 1, 1970. Short-term technical indicators currently suggest a bearish sentiment for MMP. However, the stock has recorded 18 positive trading days within the past 30 sessions. Based on the MMP stock forecast, now is not the best time to buy MMP stock because its current trading price is - our predicted value, hinting at a possible . For deeper insights, view our sentiment analysis on MMP covering social and institutional perspectives.

MMP Technical Momentum: Overbought, Oversold, or Neutral?

An analysis of Relative Strength Index (RSI) indicators provides insight into MMP's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 64.16% to 65.37%) suggest the stock is in a bullish momentum phase. The 50-day RSI, at 61.98%, suggests strong medium-term momentum. Additionally, the 100-day RSI, at 59.38%, maintains a neutral outlook for the long term. Insights into MMP's shareholder base show how institutional investors are positioning themselves during these momentum shifts

Frequently Asked Questions

What is the MMP stock price prediction for next 2 weeks?
According to our price prediction algorithm,Magellan Midstream Partners, L.P. (MMP) price will be around - in the next 2 weeks. This means it will decrease by - from the last closing price. This prediction may vary from other time period filters for MMP stock.
What can be the highest Possible price of MMP stock in next 2 weeks?
Our forecast algorithm expects that in 2 weeks, MMP can achieve the highest price of - which is - lower than last closing price. This prediction may vary from other time period filters for MMP stock.
What can be the lowest Possible price of MMP stock in next 2 weeks?
As per the forecast and algorithmic analysis, MMP stock price can be as low as - which is - lower than the current price in the next 2 weeks. This prediction may vary from other time period filters for MMP stock.
Will MMP stock go high in the next 2 weeks?
No, our stock forecasting algorithm shows that MMP stock will lose- in the next 2 weeks. This prediction may vary from other time period filters for MMP stock.
What is MMP stock last closing price?
Last closing price of MMP stock was -.
What is MMP stock price prediction?
MMP stock price prediction means predicting the future closing prices of MMP stock based on its past data. Our forecasting algorithm uses various machine learning and deep learning techniques to forecast the future behavior of MMP stock in a certain time period.
How we predict MMP stock future prices?
If you are searching for MMP stock forecast, analysis or price prediction, then you might be wondering what Magellan Midstream Partners, L.P. (MMP) will do in the future. Our MMP price predictions are based on various Machine Learning based algorithms with an aim to try and predict future price movements. This MMP price prediction will likely answer most of your questions.
How frequent we update MMP stock predictions?
We are updating the forecasts for the MMP stock on daily basis.
Is using ML forecasting for MMP stock a good way?
Yes. Stock Price Prediction is one of the most exciting applications of Machine Learning. By leveraging data from the past, it is possible to use forecasting models to make accurate predictions about future stock prices. This can be incredibly beneficial for investors and traders, as it gives them the ability to make more informed decisions about when to buy and sell. Investing in the stock market can be a risky endeavor, but leveraging Machine Learning can make it a bit less daunting and more profitable.
Is the Prediction for MMP stock same for all the time periods?
No, the prediction for MMP stock is not same for all time periods. The forecasts may vary depending on the differences in the time period.
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