MARTIN MARIETTA MATERIALS (MLM) Stock Technical Analysis
NYSE:MLM - New York Stock Exchange, Inc. - US5732841060 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to MLM. In the last year, MLM was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
In the last month MLM has a been trading in the 532.80 - 571.10 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, MLM turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
MLM is an average performer in the Construction Materials industry, it outperforms 58% of 13 stocks in the same industry.
MLM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MLM is lagging the market.
MLM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 564.76, a Stop Loss order could be placed below this zone.
More info and screens
472.04
627.76
When analyzing the support we can see 2 important areas.
- A support zone ranging from 534.41 to 564.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @476.81 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @568.19 from a horizontal line in the daily time frame.
- A resistance zone ranging from 619.41 to 621.54. 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 | NEUTRAL | NEUTRAL | The long term trend for MLM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MLM is neutral. |
| ChartMill Relative Strength | 52.78 | 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) | 58.06 | NEUTRAL | The RSI value for MLM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests MLM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.46 | NEUTRAL | The Stochastics value for MLM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for MLM suggests some volalility. |
| Average Directional Index/ADX (14) | 13.14 | NEGATIVE | The low ADX value for MLM suggests a weak or negative 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)
565.03
+11.94 (+2.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryConstruction Materials
Performance
% Chg2.16%
1 Week0.54%
2 Weeks1.28%
1 Month4.87%
3 Month14.32%
6 Month4.14%
12 Month1.06%
2 Year26.56%
3 Year60.48%
5 Year172.72%
10 Year260.31%
15 Year561.63%
Volatility
ATR(14)11.2
ATR(20)%2.04%
ATR Inc5.52%
Range Today13.51
ADR(20)11.36
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.78
Mansfield-0.31
10 Day High571.1
10 Day Low532.88
20 Day High571.1
20 Day Low532.8
52 Week High633.23
52 Week Low441.95
CS1 End564.76
CR1 Start568.19
Volume & EV
DER(3)-0.68%
DER(5)-0.83%
Volume407.60K
Volume Incr2.25%
Vol(5)400.72K
Vol(50)405.69K