MARINE PRODUCTS CORP (MPX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MPX - US5684271084 - Common Stock
Overall MPX gets a technical rating of 2 out of 10. MPX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
MPX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.42, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.85
2 important support areas can be observed.
- A support zone ranging from 8.39 to 8.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.93 to 8.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 8.56 to 8.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.89 from a trend line in the weekly time frame.
- Resistance @9.10 from a horizontal line in the weekly time frame.
- 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 | 23.21 | NEGATIVE | MPX has a low relative strength, it was outperformed by 76.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MPX is above the rising 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) | 49.88 | NEUTRAL | The RSI value for MPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MPX has a positive trend. |
| Stochastics (14,3) | 44.71 | NEUTRAL | The Stochastics value for MPX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for MPX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.87 | NEGATIVE | The low ADX value for MPX suggests a weak or negative trend. |
8.46
+0.18 (+2.17%)
MARINE PRODUCTS CORP / MPX FAQ
What is the ChartMill technical rating of MARINE PRODUCTS CORP (MPX) stock?
ChartMill assigns a technical rating of 2 / 10 to MPX.
Can you provide the trend direction for MARINE PRODUCTS CORP?
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 49.8779. This indicates that the stock is currently neutral.
What is the MACD signal for MPX stock?
The MACD indicator for MARINE PRODUCTS CORP (MPX) has a value of 0.0111111, indicating a bearish trend.