MARTIN MARIETTA MATERIALS (MLM) Stock Technical Analysis
USA - NYSE:MLM - US5732841060 - Common Stock
We assign a technical rating of 2 out of 10 to MLM. In the last year, MLM was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Although the technical rating is bad, MLM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 596.43, a Stop Loss order could be placed below this zone.
More info and screens
590.47
We found 1 important support area.
- A support zone ranging from 596.43 to 596.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 600.60 to 620.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @634.78 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for MLM is down. |
| ChartMill Relative Strength | 42.77 | NEUTRAL | MLM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLM is below a declining 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) | 36.6 | NEUTRAL | The RSI value for MLM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.87 | NEGATIVE | The MACD value suggests MLM has a negative trend. |
| Stochastics (14,3) | 18.97 | OVERSOLD | The low Stochastics value suggests MLM may be oversold. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for MLM suggests some volalility. |
| Average Directional Index/ADX (14) | 15.11 | NEGATIVE | The low ADX value for MLM suggests a weak or negative trend. |
596.44
-5.69 (-0.94%)
MARTIN MARIETTA MATERIALS / MLM FAQ
What is the ChartMill technical rating of MARTIN MARIETTA MATERIALS (MLM) stock?
ChartMill assigns a technical rating of 2 / 10 to MLM.
What is the trend direction for 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 36.5979. This indicates that the stock is currently neutral.
What is the short term momentum for MARTIN MARIETTA MATERIALS (MLM) stock?
The short term momentum for MARTIN MARIETTA MATERIALS (MLM) is negative.
What are the support and resistance levels for MARTIN MARIETTA MATERIALS (MLM) stock?
MARTIN MARIETTA MATERIALS (MLM) has a support level at 596.43 and a resistance level at 600.6. Check the full technical report for our detailed analysis of MLM support and resistance levels.