MILLENNIAL POTASH CORP (MLP.CA) Stock Technical Analysis
TSX-V:MLP - TSX Venture Exchange - CA60041F1018 - Common Stock - Currency: CAD
Taking everything into account, MLP scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MLP has proven to be a steady performer, scoring decent points in every aspect analyzed.
MLP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for MLP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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1.47
When analyzing the support we can see 3 important areas.
- Support @1.67 from a horizontal line in the daily time frame.
- Support @1.56 from a trend line in the daily time frame.
- Support @1.48 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 | 99.47 | POSITIVE | MLP.CA has a high relative strength, it outperformed 99.47% 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) | 58.17 | NEUTRAL | The RSI value for MLP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MLP.CA has a negative trend. |
| Stochastics (14,3) | 58.67 | NEUTRAL | The Stochastics value for MLP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.26 | HIGH VOLATILITY | The high ATR as a percentage value for MLP.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 32.1 | POSITIVE | The high ADX value value for MLP.CA suggests a strong 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 |
|---|---|---|---|
| 1.92 | 1.66 | 0.26 (13.54%) | 7.38% |
| An entry @1.92. This is a Buy Stop order right above the 10 day high. | An exit @1.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.26 points, which is 13.54%. | For a 1.00% total portfolio risk, you can invest 7.38% of your capital in this trade. |
- 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.
TSX-V:MLP (7/29/2025, 7:00:00 PM)
1.74
+0.06 (+3.57%)