MARINE PRODUCTS CORP (MPX) Stock Technical Analysis
NYSE:MPX - New York Stock Exchange, Inc. - US5684271084 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to MPX. Although MPX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, MPX is a bad performer in the overall market: 74% of all stocks are doing better.
Warning: MPX has an average volume of 23968 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month MPX has a been trading in the 7.95 - 9.30 range, which is quite wide. It is currently trading near the high of this range.
MPX is an average performer in the Leisure Products industry, it outperforms 48% of 30 stocks in the same industry.
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.
MPX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for MPX in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
9.35
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.51 to 8.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.11 from a trend line in the daily time frame.
- A support zone ranging from 7.93 to 7.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @9.11 from a horizontal line in the weekly time frame.
- Resistance @9.26 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 | UP | POSITIVE | The long term trend for MPX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MPX is up. |
| ChartMill Relative Strength | 26.27 | NEGATIVE | MPX has a low relative strength, it was outperformed by 73.73% 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) | 57.18 | NEUTRAL | The RSI value for MPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MPX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.75 | OVERBOUGHT | The high Stochastics value suggests MPX may be overbought. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for MPX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.78 | NEUTRAL | The ADX value for MPX suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.12 | 8.50 | 0.62 (6.80%) | 14.71% |
| An entry @9.12. This is a Buy Stop order right above the resistance zone. | An exit @8.50. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.62 points, which is 6.80%. | For a 1.00% total portfolio risk, you can invest 14.71% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9
-0.07 (-0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg-0.77%
1 Week1.81%
2 Weeks3.45%
1 Month8.43%
3 Month8.96%
6 Month-1.53%
12 Month-11.33%
2 Year-43.89%
3 Year-17.13%
5 Year-29.85%
10 Year44.46%
15 Year47.78%
Volatility
ATR(14)0.35
ATR(20)%3.85%
ATR Inc-36.16%
Range Today0.09
ADR(20)0.33
ADR(20)%3.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.27
Mansfield-0.82
10 Day High9.3
10 Day Low8.4
20 Day High9.3
20 Day Low7.95
52 Week High10.89
52 Week Low7.49
CS1 End8.65
CR1 Start9.11
Volume & EV
DER(3)10.36%
DER(5)6.47%
Volume12.80K
Volume Incr-32.04%
Vol(5)17.90K
Vol(50)23.97K