Logo image of MLP.CA

MILLENNIAL POTASH CORP (MLP.CA) Stock Technical Analysis

TSX-V:MLP - TSX Venture Exchange - CA60041F1018 - Common Stock - Currency: CAD

1.74  +0.06 (+3.57%)

Technical Rating and Analysis

10

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.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MLP did better than 99% of all other stocks. We also observe that the gains produced by MLP over the past year are nicely spread over this period.
MLP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MLP is lagging the market slightly.
In the last month MLP has a been trading in the 1.35 - 1.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
MILLENNIAL POTASH CORP / MLP Weekly stock chart
MILLENNIAL POTASH CORP / MLP Daily stock chart
Setup Rating and Analysis

6

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.
Support and Resistance Analysis

1.47

1.76

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.

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for MLP.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for MLP.CA is up.
ChartMill Relative Strength99.47POSITIVEMLP.CA has a high relative strength, it outperformed 99.47% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of MLP.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of MLP.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of MLP.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)58.17NEUTRALThe RSI value for MLP.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests MLP.CA has a negative trend.
Stochastics (14,3)58.67NEUTRALThe Stochastics value for MLP.CA is a neutral value.
Average True Range in percent/ATR (20)8.26HIGH VOLATILITYThe high ATR as a percentage value for MLP.CA suggests high volalility.
Average Directional Index/ADX (14)32.1POSITIVEThe high ADX value value for MLP.CA suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
1.921.660.26 (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.
MILLENNIAL POTASH CORP / MLP Daily stock chart

MILLENNIAL POTASH CORP

TSX-V:MLP (7/29/2025, 7:00:00 PM)

1.74

+0.06 (+3.57%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.57%
1 Week0.58%
2 Weeks12.62%
1 Month19.18%
3 Month93.33%
6 Month309.41%
12 Month728.57%
2 Year314.29%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%8.26%
ATR Inc-13.5%
Range Today0.17
ADR(20)0.14
ADR(20)%7.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.47
Mansfield15.22
10 Day High1.91
10 Day Low1.54
20 Day High1.91
20 Day Low1.35
52 Week High1.91
52 Week Low0.17
CS1 End1.67
CR1 StartN/A
Volume & EV
DER(3)7.25%
DER(5)4.35%
Volume416.48K
Volume Incr-15.26%
Vol(5)345.25K
Vol(50)341.93K