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.
When comparing the yearly performance of all stocks, we notice that MP is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by MP over the past year are nicely spread over this period.
MP is one of the better performing stocks in the Metals & Mining industry, it outperforms 98% of 157 stocks in the same industry.
MP is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MP has a been trading in the 29.58 - 65.84 range, which is quite wide. It is currently trading near the high of this range.
MP has an average volume of 16021100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although MP has an excellent technical rating, it does not offer a high 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
35.12
64.76
We found 1 important support area.
- Support @35.47 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 63.23 to 64.12. This zone is formed by a combination of multiple trend lines 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 | 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 | 99.23 | POSITIVE | MP has a high relative strength, it outperformed 99.23% 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) | 69.58 | NEUTRAL | The RSI value for MP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests MP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.23 | OVERBOUGHT | The high Stochastics value suggests MP may be overbought. |
| Average True Range in percent/ATR (20) | 8.04 | HIGH VOLATILITY | The high ATR as a percentage value for MP suggests high volalility. |
| Average Directional Index/ADX (14) | 48.53 | 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)
60.26
-3.85 (-6.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-6.01%
1 Week0.3%
2 Weeks3.5%
1 Month81.12%
3 Month140.94%
6 Month174.41%
12 Month439.48%
2 Year152.66%
3 Year79.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.18
ATR(20)%8.04%
ATR Inc-26.06%
Range Today5.62
ADR(20)3.92
ADR(20)%6.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.23
Mansfield13.29
10 Day High65.84
10 Day Low54.8
20 Day High65.84
20 Day Low29.58
52 Week High65.84
52 Week Low10.02
CS1 End35.47
CR1 Start63.23
Volume & EV
DER(3)0.04%
DER(5)0.57%
Volume12.20M
Volume Incr-52.36%
Vol(5)10.91M
Vol(50)16.02M