MP MATERIALS CORP (MP) Technical Analysis
NYSE:MP • US5533681012
Current stock price
MP Technical Rating and Analysis
Overall MP gets a technical rating of 2 out of 10. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- MP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- MP is part of the Metals & Mining industry. There are 159 other stocks in this industry. MP outperforms 70% of them.
- MP has an average volume of 7042580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that MP is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- MP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MP is lagging the market slightly.
MP Weekly and Daily overview Charts
MP Setup Rating and Analysis
The technical rating of MP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
MP Support and Resistance Analysis
28.58
2 important support areas can be observed.
- A support zone ranging from 50.43 to 51.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.87 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @51.95 from a horizontal line in the daily time frame.
- A resistance zone ranging from 53.75 to 54.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 57.27 to 57.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @62.37 from a trend line in the weekly time frame.
MP 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MP is down. |
| ChartMill Relative Strength | 92.39 | POSITIVE | MP has a high relative strength, it outperformed 92.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MP is below 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 | MIXED | The current price of MP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.79 | NEUTRAL | The RSI value for MP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests MP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.81 | OVERSOLD | The low Stochastics value suggests MP may be oversold. |
| Average True Range in percent/ATR (20) | 6.88 | HIGH VOLATILITY | The high ATR as a percentage value for MP suggests high volalility. |
| Average Directional Index/ADX (14) | 25.03 | POSITIVE | The high ADX value value for MP suggests a strong trend. |
MP Chart- and CandleStick Pattern Analysis
MP Technicals: Chart, Performance Metrics, Trend & Indicators
51.8
+0.1 (+0.19%)
MP MATERIALS CORP / MP TA FAQ
What is the technical rating for MP stock?
ChartMill assigns a technical rating of 2 / 10 to MP.
What is the current trend direction of MP MATERIALS CORP (MP) stock?
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 38.788. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MP MATERIALS CORP?
The MACD indicator for MP MATERIALS CORP (MP) has a value of -0.640323, indicating a bearish trend.
What is the buy/sell signal for MP MATERIALS CORP (MP) stock?
The buy/sell signal for MP MATERIALS CORP (MP) is sell as both the short term and long term trends are negative.