MP MATERIALS CORP (MP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MP - US5533681012 - Common Stock
Taking everything into account, MP scores 2 out of 10 in our technical rating. Although MP 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.
Although the technical rating is bad, MP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 63.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.02, a Stop Loss order could be placed below this zone.
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51.42
When analyzing the support we can see 2 important areas.
- A support zone ranging from 55.26 to 56.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.94 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 63.00 to 64.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for MP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MP is down. |
| ChartMill Relative Strength | 96.39 | POSITIVE | MP has a high relative strength, it outperformed 96.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MP is below a declining 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) | 47.61 | NEUTRAL | The RSI value for MP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests MP has a positive trend. |
| Stochastics (14,3) | 54.99 | NEUTRAL | The Stochastics value for MP is a neutral value. |
| Average True Range in percent/ATR (20) | 7.97 | HIGH VOLATILITY | The high ATR as a percentage value for MP suggests high volalility. |
| Average Directional Index/ADX (14) | 15.46 | NEGATIVE | The low ADX value for MP suggests a weak or negative trend. |
61.95
+1.8 (+2.99%)
MP MATERIALS CORP / MP FAQ
What is the technical rating for MP stock?
ChartMill assigns a technical rating of 2 / 10 to MP.
Can you provide the trend direction for MP MATERIALS CORP?
The current trend direction for MP MATERIALS CORP (MP) is Bearish.
What is the RSI signal for MP stock?
MP MATERIALS CORP (MP) has an RSI value of 47.6149. This indicates that the stock is currently neutral.
What is the MACD signal for MP stock?
The MACD indicator for MP MATERIALS CORP (MP) has a value of 0.551308, indicating a bearish trend.
Can you provide the support and resistance levels for MP MATERIALS CORP?
MP MATERIALS CORP (MP) has a support level at 56.02 and a resistance level at 63. Check the full technical report for our detailed analysis of MP support and resistance levels.