Navios Maritime Partners LP

Despite the bullish Stage 2 uptrend and structural HH/HL momentum, the recent breakdown below the 9/20 EMAs and 50MA alongside a downtrending short-term environment urges caution. We defer new buys until price can reclaim rising EMA support near the 50MA.

• ↑Q1 revenue $357M (+17% YoY), net income $106.3M, EBITDA $212.7M
• ↑Record $4.1B contracted backlog ensures 2026+ revenue visibility
• ↓~50% of vessels >15 years old incur higher maintenance and compliance costs