MP MATERIALS CORP (MP) Stock Technical Analysis
USA - NYSE:MP - US5533681012 - Common Stock
72.13 USD
+5.32 (+7.96%)
72.64 USD
+0.51 (+0.71%)
Overall MP gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MP is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, MP also shows a nice and consistent pattern of rising prices.
MP is one of the better performing stocks in the Metals & Mining industry, it outperforms 99% of 156 stocks in the same industry.
MP 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 MP is lagging the market slightly.
MP has an average volume of 16389100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MP has a been trading in the 61.40 - 75.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although MP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
48.95
72.85
We found 3 important support areas.
- Support @63.05 from a horizontal line in the weekly time frame.
- Support @61.64 from a horizontal line in the daily time frame.
- Support @49.44 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 MP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MP is up. |
| ChartMill Relative Strength | 98.82 | POSITIVE | MP has a high relative strength, it outperformed 98.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.23 | NEUTRAL | The RSI value for MP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MP has a positive trend. |
| Stochastics (14,3) | 54.55 | NEUTRAL | The Stochastics value for MP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.11 | HIGH VOLATILITY | The high ATR as a percentage value for MP suggests high volalility. |
| Average Directional Index/ADX (14) | 27.67 | POSITIVE | The high ADX value value for MP suggests a strong trend. |
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)
72.13
+5.32 (+7.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg7.96%
1 Week14.44%
2 Weeks12.39%
1 Month5.81%
3 Month91.12%
6 Month178.49%
12 Month419.29%
2 Year277.64%
3 Year164.21%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.34
ATR(20)%5.11%
ATR Inc50.23%
Range Today5.77
ADR(20)3.5
ADR(20)%4.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.82
Mansfield10.87
10 Day High72.15
10 Day Low61.4
20 Day High75.43
20 Day Low61.4
52 Week High82.5
52 Week Low13.81
CS1 End63.05
CR1 StartN/A
Volume & EV
DER(3)-0.87%
DER(5)-1.13%
Volume14.05M
Volume Incr16.86%
Vol(5)10.53M
Vol(50)16.39M