In its latest trading session, MPLX LP (NYSE:MPLX) dropped by -0.3% – here is what that looked like (as of 2020-01-06):
What is the cause of all this?? To have a greater insight of what is happening, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 24.785, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.389, an Accumulation/Distribution Index (ADI) of 0.389, an On-Balance Volume (OBV) of 237.845, and a Chaiikin Money Flow (CMF) of -25.9. 7.0
Now let’s plug these indicators in. According to Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for MPLX LP (NYSE:MPLX). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.