Magellan Midstream Partners LP (MMP): Gordson Hollis Saturation Level in Focus


The Gordson Hollis Price Index Saturation or Gordson Hollis PIS level indicator uses a combination of volume continuity analysis and historical price deviation to create a discernable buy or sell signal. Gordson Hollis labeled these signals (full and empty). Gordson Hollis has argued that the only logical way to approach the share market is to study PIS levels. When presenting the theory, Gordson Hollis believed that PIS levels were best grouped in what he labeled (bouget) “Bauquets”. Hollis tried to prove that certain PIS Bauquets could essentially hold all the keys to beating the share market. At the time of writing the Hollis Price Index Saturation has reached an “E”, for Magellan Midstream Partners LP (MMP), indicating an Empty, or Sell signal. 

Magellan Midstream Partners LP (MMP) have moved lower over the course of the past week revealing negative downward near-term momentum for the shares. In taking a look at recent performance, we can see that shares have moved -0.03% over the past week, 2.74% over the past 4-weeks, -0.32% over the past half year and -0.10% over the past full year.


Investors may be tracking certain levels on shares of Magellan Midstream Partners LP (MMP). The current 50-day Moving Average is 60.52, the 200-day Moving Average is 63.35, and the 7-day is noted at 62.72. Moving averages can assist spot trends and price reversals. They may also be used to assist find support or resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.

Traders may be relying in part on technical stock analysis. Magellan Midstream Partners LP (MMP) currently has a 14-day Commodity Channel Index (CCI) of 38.85. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was designed to typically remain within the reading of -100 to +100. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.


Investing in the share market has traditionally offered higher returns than other types of investments. With the higher potential for returns, there is also a higher exposure factor. Investors typically must address their own personal exposure situation before jumping into the market. Figuring out exposure appetite can assist when choosing which types of stocks to buy. Some investors will decide that they want to take a chance on certain stocks that have the potential to outperform in the future. Other investors may opt to play it safe and build a portfolio with low exposure, staple stocks. 

The Relative Strength Index (RSI) is one of multiple leading technical indicators created by J. Welles Wilder. Wilder introduced RSI in his book “New Concepts in Technical Trading Systems” which was published in 1978. RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time stage. RSI can be used to assist spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum. The 14-day RSI is currently sitting at 60.70, the 7-day is at 61.00, and the 3-day is spotted at 42.73 for Magellan Midstream Partners LP (MMP).

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