MARTIN MARIETTA MATERIALS (MLM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MLM - US5732841060 - Common Stock
Taking everything into account, MLM scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MLM is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, MLM did better than 71% of all other stocks.
- MLM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- MLM is an average performer in the Construction Materials industry, it outperforms 66% of 13 stocks in the same industry.
- In the last month MLM has a been trading in the 617.08 - 668.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MLM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 647.68, a Stop Loss order could be placed below this zone.
More info and screens
584.06
We found 2 important support areas.
- A support zone ranging from 619.01 to 647.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 589.96 to 600.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 666.68 to 666.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MLM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLM is up. |
| ChartMill Relative Strength | 71.26 | POSITIVE | MLM has a high relative strength, it outperformed 71.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MLM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.46 | NEUTRAL | The RSI value for MLM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests MLM has a positive trend. |
| Stochastics (14,3) | 50.29 | NEUTRAL | The Stochastics value for MLM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for MLM suggests some volalility. |
| Average Directional Index/ADX (14) | 11.75 | NEGATIVE | The low ADX value for MLM suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 666.69 | 619.00 | 47.69 (7.15%) | 13.98% |
| An entry @666.69. This is a Buy Stop order right above the resistance zone. | An exit @619.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 47.69 points, which is 7.15%. | When investing 13.98% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
651.66
+10.72 (+1.67%)
MARTIN MARIETTA MATERIALS / MLM FAQ
What is the ChartMill technical rating of MARTIN MARIETTA MATERIALS (MLM) stock?
ChartMill assigns a technical rating of 9 / 10 to MLM.
What is the current trend direction of MARTIN MARIETTA MATERIALS (MLM) stock?
The current trend direction for MARTIN MARIETTA MATERIALS (MLM) is Bullish.
Can you provide the RSI signal for MARTIN MARIETTA MATERIALS?
MARTIN MARIETTA MATERIALS (MLM) has an RSI value of 55.4564. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MARTIN MARIETTA MATERIALS?
The short term momentum for MARTIN MARIETTA MATERIALS (MLM) is positive.
What is the buy/sell signal for MLM stock?
The buy/sell signal for MARTIN MARIETTA MATERIALS (MLM) is buy as both the short term and long term trends are positive.