MP MATERIALS CORP (MP) Stock Technical Analysis
NYSE:MP - New York Stock Exchange, Inc. - US5533681012 - Common Stock - Currency: USD
Taking everything into account, MP scores 10 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MP did better than 95% of all other 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 154 other stocks in this industry. MP outperforms 85% 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 9175590 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 23.26 - 39.10 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, the quality of the presented setup is not ideal 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
19.40
32.16
When analyzing the support we can see 3 important areas.
- A support zone ranging from 31.49 to 31.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.94 from a trend line in the weekly time frame.
- Support @19.60 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 | 95.43 | POSITIVE | MP has a high relative strength, it outperformed 95.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MP is below 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) | 54.51 | NEUTRAL | The RSI value for MP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests MP has a negative trend. |
| Stochastics (14,3) | 45.36 | NEUTRAL | The Stochastics value for MP is a neutral value. |
| Average True Range in percent/ATR (20) | 8.31 | HIGH VOLATILITY | The high ATR as a percentage value for MP suggests high volalility. |
| Average Directional Index/ADX (14) | 30.35 | 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)
31.84
-0.53 (-1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.64%
1 Week-11.53%
2 Weeks-14.45%
1 Month29.54%
3 Month38.07%
6 Month74.95%
12 Month126.3%
2 Year33.5%
3 Year-5.15%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.37
ATR(20)%8.31%
ATR Inc-60.99%
Range Today1.11
ADR(20)2.39
ADR(20)%7.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.43
Mansfield4.29
10 Day High38.76
10 Day Low31.3
20 Day High39.1
20 Day Low23.26
52 Week High39.1
52 Week Low10.02
CS1 End31.83
CR1 StartN/A
Volume & EV
DER(3)0.53%
DER(5)-0.49%
Volume3.89M
Volume Incr-42.15%
Vol(5)7.99M
Vol(50)9.18M