MILLENNIAL POTASH CORP (MLP.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:MLP - CA60041F1018 - Common Stock
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.
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. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.29
2 important support areas can be observed.
- Support @2.50 from a trend line in the daily time frame.
- Support @2.31 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @3.13 from a trend line in the daily time frame.
- Resistance @3.39 from a horizontal 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 | 99.39 | POSITIVE | MLP.CA has a high relative strength, it outperformed 99.39% 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) | 57.99 | NEUTRAL | The RSI value for MLP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MLP.CA has a positive trend. |
| Stochastics (14,3) | 85.59 | OVERBOUGHT | The high Stochastics value suggests MLP.CA may be overbought. |
| Average True Range in percent/ATR (20) | 9.36 | HIGH VOLATILITY | The high ATR as a percentage value for MLP.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.76 | NEGATIVE | The low ADX value for MLP.CA suggests a weak or negative 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 |
|---|---|---|---|
| 3.14 | 2.49 | 0.65 (20.70%) | 4.83% |
| An entry @3.14. This is a Buy Stop order right above the resistance zone. | An exit @2.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.65 points, which is 20.70%. | When investing 4.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (11/24/2025, 7:00:00 PM)
3.11
+0.02 (+0.65%)
MILLENNIAL POTASH CORP / MLP.CA FAQ
What is the technical rating for MLP stock?
ChartMill assigns a technical rating of 10 / 10 to MLP.CA.
What is the trend direction for MLP stock?
The current trend direction for MILLENNIAL POTASH CORP (MLP.CA) is Bullish.
What is the RSI signal for MLP stock?
MILLENNIAL POTASH CORP (MLP.CA) has an RSI value of 57.9856. This indicates that the stock is currently neutral.
What is the MACD signal for MILLENNIAL POTASH CORP (MLP.CA) stock?
The MACD indicator for MILLENNIAL POTASH CORP (MLP.CA) has a value of 0.0554483, indicating a bearish trend.
What is the short term momentum for MLP stock?
The short term momentum for MILLENNIAL POTASH CORP (MLP.CA) is positive.