MILLENNIAL POTASH CORP (MLP.CA) Stock Technical Analysis
TSX-V:MLP - CA60041F1018 - Common Stock
2.36 CAD
-0.06 (-2.48%)
Taking everything into account, MLP scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MLP is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MLP is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by MLP over the past year are nicely spread over this period.
MLP is part of the Chemicals industry. There are 28 other stocks in this industry. MLP outperforms 100% of them.
A new 52 week high is currently being made by MLP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month MLP has a been trading in the 1.54 - 2.47 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MLP has an excellent technical rating, it does not offer a high quality setup 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
1.63
2.38
When analyzing the support we can see 2 important areas.
- Support @1.70 from a trend line in the daily time frame.
- Support @1.65 from a trend line in the daily 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 MLP.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLP.CA is up. |
| ChartMill Relative Strength | 99.6 | POSITIVE | MLP.CA has a high relative strength, it outperformed 99.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLP.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLP.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MLP.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.49 | NEUTRAL | The RSI value for MLP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MLP.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.74 | OVERBOUGHT | The high Stochastics value suggests MLP.CA may be overbought. |
| Average True Range in percent/ATR (20) | 6.78 | HIGH VOLATILITY | The high ATR as a percentage value for MLP.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 38.27 | POSITIVE | The high ADX value value for MLP.CA 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)
TSX-V:MLP (9/9/2025, 7:00:00 PM)
2.36
-0.06 (-2.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-2.48%
1 Week6.31%
2 Weeks16.26%
1 Month38.01%
3 Month100%
6 Month249.63%
12 Month1110.26%
2 Year926.09%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%6.78%
ATR Inc17.65%
Range Today0.17
ADR(20)0.16
ADR(20)%6.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.6
Mansfield15.9
10 Day High2.47
10 Day Low1.94
20 Day High2.47
20 Day Low1.54
52 Week High2.47
52 Week Low0.2
CS1 End1.7
CR1 StartN/A
Volume & EV
DER(3)3.96%
DER(5)6.17%
Volume264.73K
Volume Incr15.67%
Vol(5)395.68K
Vol(50)373.26K