MARTIN MARIETTA MATERIALS (MLM) Stock Technical Analysis
USA - NYSE:MLM - US5732841060 - Common Stock
615.39 USD
-4.44 (-0.72%)
615.39 USD
0 (0%)
We assign a technical rating of 8 out of 10 to MLM. Although MLM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
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.
When comparing the yearly performance of all stocks, we notice that MLM is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
MLM is an average performer in the Construction Materials industry, it outperforms 58% of 13 stocks in the same industry.
In the last month MLM has a been trading in a tight range between 604.13 and 632.25.
Besides having an excellent technical rating, MLM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 613.60, a Stop Loss order could be placed below this zone.
More info and screens
529.07
637.44
When analyzing the support we can see 3 important areas.
- A support zone ranging from 610.86 to 613.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 597.88 to 600.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 534.41 to 541.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 616.84 to 631.13. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 72.44 | POSITIVE | MLM has a high relative strength, it outperformed 72.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MLM is below 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) | 52.53 | NEUTRAL | The RSI value for MLM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.38 | NEGATIVE | The MACD value suggests MLM has a negative trend. |
| Stochastics (14,3) | 45.66 | NEUTRAL | The Stochastics value for MLM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for MLM suggests low volalility. |
| Average Directional Index/ADX (14) | 20.51 | NEUTRAL | The ADX value for MLM suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 631.14 | 610.85 | 20.29 (3.21%) | 25.00% |
| An entry @631.14. This is a Buy Stop order right above the resistance zone. | An exit @610.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 20.29 points, which is 3.21%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- 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.
615.39
-4.44 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryConstruction Materials
Performance
% Chg-0.72%
1 Week0.92%
2 Weeks0.19%
1 Month1.8%
3 Month11.88%
6 Month28.74%
12 Month14.15%
2 Year49.92%
3 Year91.06%
5 Year161.47%
10 Year305%
15 Year699.52%
Volatility
ATR(14)12.08
ATR(20)%1.83%
ATR Inc-6.05%
Range Today13.42
ADR(20)10.96
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.44
Mansfield0.06
10 Day High632.26
10 Day Low606.18
20 Day High632.26
20 Day Low604.13
52 Week High633.23
52 Week Low441.95
CS1 End613.6
CR1 Start616.84
Volume & EV
DER(3)0.49%
DER(5)1.61%
Volume307.70K
Volume Incr6.73%
Vol(5)402.54K
Vol(50)399.54K