MARINE PRODUCTS CORP (MPX) Technical Analysis
NYSE:MPX • US5684271084
We assign a technical rating of 0 out of 10 to MPX. MPX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MPX is a bad performer in the overall market: 84% of all stocks are doing better.
- MPX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MPX has a been trading in the 6.83 - 8.22 range, which is quite wide. It is currently trading near the lows of this range.
- MPX is part of the Leisure Products industry. There are 32 other stocks in this industry, MPX did better than 45% of them.
The technical rating of MPX 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
6.93
We found 1 important support area.
- A support zone ranging from 7.00 to 7.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @7.93 from a horizontal line in the daily time frame.
- A resistance zone ranging from 9.58 to 9.65. This zone is formed by a combination of multiple trend lines in the weekly 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 | DOWN | NEGATIVE | The long term trend for MPX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MPX is down. |
| ChartMill Relative Strength | 16.3 | NEGATIVE | MPX has a low relative strength, it was outperformed by 83.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MPX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MPX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MPX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23.91 | OVERSOLD | The low RSI value suggests MPX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MPX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.76 | OVERSOLD | The low Stochastics value suggests MPX may be oversold. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for MPX suggests some volalility. |
| Average Directional Index/ADX (14) | 45.27 | POSITIVE | The high ADX value value for MPX suggests a strong trend. |
MPX Technicals: Chart, Performance Metrics, Trend & Indicators
7.11
+0.07 (+0.99%)
MARINE PRODUCTS CORP / MPX FAQ
What is the ChartMill technical rating of MARINE PRODUCTS CORP (MPX) stock?
ChartMill assigns a technical rating of 0 / 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 23.9103. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for MARINE PRODUCTS CORP?
The buy/sell signal for MARINE PRODUCTS CORP (MPX) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for MARINE PRODUCTS CORP (MPX) stock?
MARINE PRODUCTS CORP (MPX) has a resistance level at 7.93. Check the full technical report for our detailed analysis of MPX support and resistance levels.