MARINE PRODUCTS CORP (MPX) Stock Technical Analysis
NYSE:MPX - New York Stock Exchange, Inc. - US5684271084 - Common Stock - Currency: USD
Taking everything into account, MPX scores 5 out of 10 in our technical rating. In the last year, MPX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, MPX is a bad performer in the overall market: 72% of all stocks are doing better.
Warning: MPX has an average volume of 22404 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MPX is part of the Leisure Products industry. There are 31 other stocks in this industry, MPX did better than 53% of them.
MPX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MPX is lagging the market.
In the last month MPX has a been trading in the 8.18 - 9.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, MPX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.09. Right above this resistance zone may be a good entry point. 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.
More info and screens
7.85
9.58
We found 4 important support areas.
- Support @8.86 from a trend line in the weekly time frame.
- A support zone ranging from 8.60 to 8.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.31 to 8.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 7.93 to 7.94. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 9.09 to 9.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.26 from a horizontal line in the daily time frame.
- Resistance @9.49 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 | UP | POSITIVE | The short term trend for MPX is up. |
| ChartMill Relative Strength | 28.59 | NEGATIVE | MPX has a low relative strength, it was outperformed by 71.41% 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) | UP | POSITIVE | The current price of MPX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MPX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.8 | NEUTRAL | The RSI value for MPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MPX has a positive trend. |
| Stochastics (14,3) | 77.41 | NEUTRAL | The Stochastics value for MPX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for MPX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.43 | NEGATIVE | The low ADX value for MPX suggests a weak or negative 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)
8.86
+0.01 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg0.11%
1 Week5.48%
2 Weeks4.6%
1 Month5.73%
3 Month-0.23%
6 Month-0.34%
12 Month-5.04%
2 Year-36.67%
3 Year-10.78%
5 Year-38.69%
10 Year26.21%
15 Year71.04%
Volatility
ATR(14)0.3
ATR(20)%3.37%
ATR Inc-22.92%
Range Today0.17
ADR(20)0.29
ADR(20)%3.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.59
Mansfield-1.02
10 Day High9.15
10 Day Low8.18
20 Day High9.35
20 Day Low8.18
52 Week High10.32
52 Week Low7.49
CS1 End8.86
CR1 Start9.09
Volume & EV
DER(3)0.05%
DER(5)3.29%
Volume24.30K
Volume Incr-4.66%
Vol(5)19.44K
Vol(50)22.40K