MILLENNIAL POTASH CORP (MLP.CA) Technical Analysis
TSX-V:MLP • CA60041F1018
Current stock price
MLP.CA Technical Rating and Analysis
Overall MLP gets a technical rating of 3 out of 10. Although MLP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month MLP has a been trading in the 1.64 - 2.23 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that MLP is one of the better performing stocks in the market, outperforming 78% of all stocks. On top of that, MLP also shows a nice and consistent pattern of rising prices. However, we also see that MLP couldn't keep up this performance in the last couple of months.
- MLP is part of the Chemicals industry. There are 28 other stocks in this industry, MLP did better than 62% of them.
- MLP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MLP is lagging the market.
- Considerably lower volume is observed in the last couple of days.
MLP.CA Weekly and Daily overview Charts
MLP.CA Setup Rating and Analysis
MLP has a poor technical rating and the quality of the setup is also only medium 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
MLP.CA Support and Resistance Analysis
1.70
We found 1 important support area.
- A support zone ranging from 1.72 to 1.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @2.46 from a trend line in the weekly time frame.
- Resistance @2.68 from a trend line in the daily time frame.
- Resistance @2.86 from a trend line in the daily time frame.
MLP.CA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for MLP.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLP.CA is down. |
| ChartMill Relative Strength | 78.26 | POSITIVE | MLP.CA has a high relative strength, it outperformed 78.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLP.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLP.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MLP.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.02 | 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) | 3.88 | OVERSOLD | The low Stochastics value suggests MLP.CA may be oversold. |
| Average True Range in percent/ATR (20) | 10.82 | HIGH VOLATILITY | The high ATR as a percentage value for MLP.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.47 | NEGATIVE | The low ADX value for MLP.CA suggests a weak or negative trend. |
MLP.CA Chart- and CandleStick Pattern Analysis
MLP.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:MLP (4/23/2026, 7:00:00 PM)
1.73
-0.1 (-5.46%)
MILLENNIAL POTASH CORP / MLP.CA TA FAQ
What is the technical rating for MLP stock?
ChartMill assigns a technical rating of 3 / 10 to MLP.CA.
What is the current trend direction of MILLENNIAL POTASH CORP (MLP.CA) stock?
The current trend direction for MILLENNIAL POTASH CORP (MLP.CA) is Bearish.
What is the RSI signal for MILLENNIAL POTASH CORP (MLP.CA) stock?
MILLENNIAL POTASH CORP (MLP.CA) has an RSI value of 34.0165. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MILLENNIAL POTASH CORP?
The MACD indicator for MILLENNIAL POTASH CORP (MLP.CA) has a value of -0.00438769, indicating a bearish trend.
Can you provide the support and resistance levels for MILLENNIAL POTASH CORP?
MILLENNIAL POTASH CORP (MLP.CA) has a support level at 1.72 and a resistance level at 2.46. Check the full technical report for our detailed analysis of MLP.CA support and resistance levels.