DEF DAILY TARGET 2XL MP ETF (MPL) Technical Analysis
NYSEARCA:MPL • US88636Y8701
Current stock price
MPL Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to MPL. MPL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, MPL is a bad performer in the overall market: 100% of all stocks are doing better.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month MPL has a been trading in the 12.13 - 27.70 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MPL Weekly and Daily overview Charts
MPL Setup Rating and Analysis
The technical rating of MPL 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
MPL Support and Resistance Analysis
25.25
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.51 to 25.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
MPL 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 MPL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MPL is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | MPL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MPL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MPL is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 44.84 | NEUTRAL | The RSI value for MPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3 | POSITIVE | The MACD value suggests MPL has a positive trend. |
| Stochastics (14,3) | 88.35 | OVERBOUGHT | The high Stochastics value suggests MPL may be overbought. |
| Average True Range in percent/ATR (20) | 8.06 | HIGH VOLATILITY | The high ATR as a percentage value for MPL suggests high volalility. |
| Average Directional Index/ADX (14) | 41.2 | POSITIVE | The high ADX value value for MPL suggests a strong trend. |
MPL Chart- and CandleStick Pattern Analysis
MPL Technicals: Chart, Performance Metrics, Trend & Indicators
25.5
-0.36 (-1.39%)
DEF DAILY TARGET 2XL MP ETF / MPL TA FAQ
Can you provide the ChartMill technical rating for DEF DAILY TARGET 2XL MP ETF?
ChartMill assigns a technical rating of 1 / 10 to MPL.
What is the trend direction for MPL stock?
The current trend direction for DEF DAILY TARGET 2XL MP ETF (MPL) is Bearish.
What is the RSI signal for MPL stock?
DEF DAILY TARGET 2XL MP ETF (MPL) has an RSI value of 44.8441. This indicates that the stock is currently neutral.
What is the MACD signal for MPL stock?
The MACD indicator for DEF DAILY TARGET 2XL MP ETF (MPL) has a value of 2.99856, indicating a bullish trend.
What is the support and resistance level for MPL stock?
DEF DAILY TARGET 2XL MP ETF (MPL) has a resistance level at 25.51. Check the full technical report for our detailed analysis of MPL support and resistance levels.