MARTIN MARIETTA MATERIALS (MLM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MLM - US5732841060 - Common Stock
Overall MLM gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MLM is only an average performer.
Although the technical rating is only medium, MLM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 634.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 619.09, a Stop Loss order could be placed below this zone.
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569.13
2 important support areas can be observed.
- A support zone ranging from 589.96 to 619.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @574.88 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- 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 | NEUTRAL | NEUTRAL | The short term trend for MLM is neutral. |
| ChartMill Relative Strength | 59.36 | NEUTRAL | MLM is not amongst the best or worst performers 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) | 57.57 | NEUTRAL | The RSI value for MLM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.36 | POSITIVE | The MACD value suggests MLM has a positive trend. |
| Stochastics (14,3) | 82.85 | OVERBOUGHT | The high Stochastics value suggests MLM may be overbought. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for MLM suggests low volalility. |
| Average Directional Index/ADX (14) | 14.81 | 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 |
|---|---|---|---|
| 634.79 | 599.09 | 35.70 (5.62%) | 17.78% |
| An entry @634.79. This is a Buy Stop order right above the resistance zone. | An exit @599.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 35.70 points, which is 5.62%. | When investing 17.78% 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.
624.37
+5.59 (+0.9%)
MARTIN MARIETTA MATERIALS / MLM FAQ
What is the ChartMill technical rating of MARTIN MARIETTA MATERIALS (MLM) stock?
ChartMill assigns a technical rating of 6 / 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 57.5713. 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 neutral.
What are the support and resistance levels for MARTIN MARIETTA MATERIALS (MLM) stock?
MARTIN MARIETTA MATERIALS (MLM) has a support level at 619.09 and a resistance level at 634.78. Check the full technical report for our detailed analysis of MLM support and resistance levels.