Stock: NMM
P/E: 1.22 Market Cap: 691.95M
Forward P/E: 1.95
PEG: 0.04
ROE: 27.40%
ROA: 13.40%
P/FCF: 7.65
ATR: 0.50
Current Ratio: 0.50
Debt/Eq: 0.84
Relative Volume: 0.69
SMA20: 2.31% SMA50: 7.43% SMA200: -3.49%
To determine a good entry and exit for the trade, I'll take into consideration some technical indicators and the recent price history.
First, let's take a look at the recent price history:
Date Open Close:
Aug 02, 2023: Open- 23.71 Close- 23.44
Aug 01, 2023: Open- 23.89 Close- 23.65
Jul 31, 2023: Open- 23.94 Close- 23.90
Jul 28, 2023: Open-23.41 Close- 23.76
Jul 27, 2023: Open-23.25 Close- 23.24
Jul 26, 2023: Open-23.00 Close- 23.14
Jul 25, 2023: Open-23.00 Close- 23.00
Jul 24, 2023: Open-22.79 Close- 23.00
Jul 21, 2023: Open-23.13 Close- 22.94
Jul 20, 2023: Open-23.20 Close- 23.02
Now, let's consider the Relative Strength Index (RSI), which is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100, where values above 70 are considered overbought, and values below 30 are considered oversold.
The RSI (14) for NMM is currently at 63.31, which suggests that the stock is not overbought or oversold, but rather in a balanced territory.
Considering the recent price history and RSI, a good entry point for a limit order would be around $23.00 to $23.20 per share. This is based on the support level seen in the price history and the stock's current trading range.
As for the exit point, it depends on your risk tolerance and investment goals. A conservative exit point could be around $24.50 to $25.00 per share, which represents a potential profit of approximately 6% to 8% from the entry point. Alternatively, a more aggressive exit point could be around $26.00 to $27.00 per share, targeting a potential profit of 12% to 16%.
Please keep in mind that these are just approximate levels based on the current market conditions and technical analysis. ALL information presented in this blog and on this site are for educational and entertainment purposes only. You assume all risk in your financial investments.
It's essential to perform further research and consider other factors that may influence the stock's price before making any investment decisions. Always remember to set stop-loss orders to protect your investment from unexpected downturns.
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