MILLROSE PROPERTIES (MRP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MRP - US6011371027 - REIT
We assign a technical rating of 2 out of 10 to MRP. MRP performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 100% of all other stocks performed better in the past year than MRP.
- MRP is one of the lesser performing stocks in the Specialized REITs industry. 93% of 30 stocks in the same industry do better.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- MRP has an average volume of 2690110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month MRP has a been trading in the 28.50 - 31.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MRP 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 30.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MRP 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
28.54
When analyzing the support we can see 2 important areas.
- A support zone ranging from 29.91 to 30.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.83 to 29.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 30.64 to 31.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.14 to 32.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @33.05 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 MRP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MRP is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | MRP has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MRP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MRP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MRP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.24 | NEUTRAL | The RSI value for MRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests MRP has a positive trend. |
| Stochastics (14,3) | 78.73 | NEUTRAL | The Stochastics value for MRP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for MRP suggests some volalility. |
| Average Directional Index/ADX (14) | 17.71 | NEGATIVE | The low ADX value for MRP suggests a weak or negative trend. |
30.54
-0.06 (-0.2%)
MILLROSE PROPERTIES / MRP FAQ
What is the technical rating for MRP stock?
ChartMill assigns a technical rating of 2 / 10 to MRP.
What is the current trend direction of MILLROSE PROPERTIES (MRP) stock?
The current trend direction for MILLROSE PROPERTIES (MRP) is Bullish.
Can you provide the RSI signal for MILLROSE PROPERTIES?
MILLROSE PROPERTIES (MRP) has an RSI value of 52.2416. This indicates that the stock is currently neutral.
What is the MACD signal for MILLROSE PROPERTIES (MRP) stock?
The MACD indicator for MILLROSE PROPERTIES (MRP) has a value of 0.156083, indicating a bearish trend.