MP MATERIALS CORP (MP) Stock Technical Analysis
USA - NYSE:MP - US5533681012 - Common Stock
70.59 USD
-3.18 (-4.31%)
73.8 USD
+3.21 (+4.55%)
We assign a technical rating of 10 out of 10 to MP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MP is showing a nice and steady performance.
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. We also observe that the gains produced by MP over the past year are nicely spread over this period.
MP is part of the Metals & Mining industry. There are 156 other stocks in this industry. MP outperforms 92% of them.
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 12214800 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 62.12 - 82.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
61.02
77.90
When analyzing the support we can see 2 important areas.
- A support zone ranging from 63.05 to 63.87. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @61.64 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 70.90 to 70.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @75.03 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 76.58 to 77.13. This zone is formed by a combination of multiple trend lines 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 | 98.02 | POSITIVE | MP has a high relative strength, it outperformed 98.02% 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) | 51.96 | NEUTRAL | The RSI value for MP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.25 | NEUTRAL | The Stochastics value for MP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.97 | HIGH VOLATILITY | The high ATR as a percentage value for MP suggests high volalility. |
| Average Directional Index/ADX (14) | 36.97 | 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)
70.59
-3.18 (-4.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-4.31%
1 Week4.38%
2 Weeks-0.9%
1 Month13.05%
3 Month56.48%
6 Month211.24%
12 Month296.35%
2 Year330.43%
3 Year134.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.54
ATR(20)%6.97%
ATR Inc30.42%
Range Today6.36
ADR(20)4.87
ADR(20)%6.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.02
Mansfield8.56
10 Day High82.23
10 Day Low65.58
20 Day High82.23
20 Day Low62.12
52 Week High82.5
52 Week Low15.56
CS1 End63.87
CR1 Start70.9
Volume & EV
DER(3)-2.03%
DER(5)-0.11%
Volume11.49M
Volume Incr7%
Vol(5)13.14M
Vol(50)12.21M