MILLENNIAL POTASH CORP (MLP.CA) Stock Technical Analysis
Canada - TSX-V:MLP - CA60041F1018 - Common Stock
Overall MLP gets a technical rating of 9 out of 10. In the last year, MLP was one of the better performers, but we do observe some doubts in the very recent evolution.
MLP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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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1.91
3 important support areas can be observed.
- Support @2.73 from a horizontal line in the daily time frame.
- Support @2.07 from a trend line in the daily time frame.
- Support @1.93 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 | NEUTRAL | NEUTRAL | The short term trend for MLP.CA is neutral. |
| ChartMill Relative Strength | 99.3 | POSITIVE | MLP.CA has a high relative strength, it outperformed 99.3% 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) | 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) | 50 | NEUTRAL | The RSI value for MLP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MLP.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.78 | OVERSOLD | The low Stochastics value suggests MLP.CA may be oversold. |
| Average True Range in percent/ATR (20) | 9.33 | HIGH VOLATILITY | The high ATR as a percentage value for MLP.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 28.97 | 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 |
|---|---|---|---|
| 3.03 | 2.72 | 0.31 (10.11%) | 9.89% |
| An entry @3.03. This is a Buy Stop order right above the 10 day moving average. | An exit @2.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.31 points, which is 10.11%. | For a 1.00% total portfolio risk, you can invest 9.89% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MLP. Please evaluate whether better entry and exit points can be found.
- 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 (10/24/2025, 7:00:00 PM)
2.9
+0.16 (+5.84%)
MILLENNIAL POTASH CORP / MLP.CA FAQ
What is the technical rating for MLP stock?
ChartMill assigns a technical rating of 9 / 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 50.001. 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 -0.0822626, indicating a bearish trend.
What is the short term momentum for MLP stock?
The short term momentum for MILLENNIAL POTASH CORP (MLP.CA) is neutral.