MARTIN MARIETTA MATERIALS (MLM) Stock Technical Analysis
USA - NYSE:MLM - US5732841060 - Common Stock
624.14 USD
-15.02 (-2.35%)
624.14 USD
0 (0%)
We assign a technical rating of 7 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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
MLM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MLM is lagging the market slightly.
When compared to the yearly performance of all other stocks, MLM outperforms 68% of them, which is more or less 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 600.00 - 665.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although MLM has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
529.07
642.53
2 important support areas can be observed.
- A support zone ranging from 600.60 to 618.48. 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 538.21. 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 626.43 to 636.17. 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 | NEUTRAL | NEUTRAL | The short term trend for MLM is neutral. |
| ChartMill Relative Strength | 68.6 | NEUTRAL | MLM is not amongst the best or worst performers 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) | 49.03 | NEUTRAL | The RSI value for MLM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MLM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.27 | NEUTRAL | The Stochastics value for MLM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for MLM suggests some volalility. |
| Average Directional Index/ADX (14) | 27.72 | POSITIVE | The high ADX value value for MLM suggests a strong 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)
624.14
-15.02 (-2.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryConstruction Materials
Performance
% Chg-2.35%
1 Week-1.53%
2 Weeks-0.59%
1 Month0.6%
3 Month10.46%
6 Month26.28%
12 Month7.43%
2 Year52.62%
3 Year85.77%
5 Year134.33%
10 Year302.28%
15 Year675.52%
Volatility
ATR(14)14.59
ATR(20)%2.15%
ATR Inc79.29%
Range Today20.07
ADR(20)13.44
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.6
Mansfield0.24
10 Day High665.18
10 Day Low618.67
20 Day High665.18
20 Day Low600
52 Week High665.18
52 Week Low441.95
CS1 End618.48
CR1 Start626.43
Volume & EV
DER(3)-1.25%
DER(5)-1.12%
Volume308.60K
Volume Incr15.07%
Vol(5)380.76K
Vol(50)374.19K