MARINE PRODUCTS CORP (MPX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MPX - US5684271084 - Common Stock
Overall MPX gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MPX was also a bad performer in the overall market in the last year.
MPX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for MPX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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7.85
3 important support areas can be observed.
- Support @8.47 from a trend line in the weekly time frame.
- A support zone ranging from 8.19 to 8.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 7.93 to 8.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.00 to 9.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.25 to 9.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.44 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for MPX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MPX is neutral. |
| ChartMill Relative Strength | 35.15 | NEUTRAL | MPX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MPX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MPX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MPX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.49 | NEUTRAL | The RSI value for MPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MPX has a negative trend. |
| Stochastics (14,3) | 21.19 | NEUTRAL | The Stochastics value for MPX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for MPX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.75 | NEUTRAL | The ADX value for MPX suggests a possible start of a new trend. |
8.77
+0.01 (+0.11%)
MARINE PRODUCTS CORP / MPX FAQ
What is the ChartMill technical rating of MARINE PRODUCTS CORP (MPX) stock?
ChartMill assigns a technical rating of 4 / 10 to MPX.
What is the current trend direction of MARINE PRODUCTS CORP (MPX) stock?
The current trend direction for MARINE PRODUCTS CORP (MPX) is Bearish.
What is the RSI signal for MPX stock?
MARINE PRODUCTS CORP (MPX) has an RSI value of 49.4887. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MARINE PRODUCTS CORP?
MARINE PRODUCTS CORP (MPX) has a support level at 8.47 and a resistance level at 9. Check the full technical report for our detailed analysis of MPX support and resistance levels.