MILLROSE PROPERTIES (MRP) Stock Technical Analysis
NYSE:MRP - New York Stock Exchange, Inc. - US6011371027 - REIT - Currency: USD
We assign a technical rating of 6 out of 10 to MRP. MRP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
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. 96% of 30 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
MRP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
MRP has an average volume of 1594920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is only medium, MRP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 28.02, a Stop Loss order could be placed below this zone.
More info and screens
24.32
28.99
When analyzing the support we can see 3 important areas.
- A support zone ranging from 27.95 to 28.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.60 to 26.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @24.57 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 28.61 to 28.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for MRP is up. |
| 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) | UP | POSITIVE | The current price of MRP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRP is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 65.13 | NEUTRAL | The RSI value for MRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MRP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.24 | NEUTRAL | The Stochastics value for MRP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for MRP suggests some volalility. |
| Average Directional Index/ADX (14) | 31.37 | POSITIVE | The high ADX value value for MRP suggests a strong 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 |
|---|---|---|---|
| 28.71 | 27.94 | 0.77 (2.68%) | 25.00% |
| An entry @28.71. This is a Buy Stop order right above the resistance zone. | An exit @27.94. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.77 points, which is 2.68%. | For a 0.67% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MRP. Please evaluate whether better entry and exit points can be found.
- 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.
28.03
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustrySpecialized REITs
Performance
% Chg0%
1 Week-2.03%
2 Weeks10.7%
1 Month12.84%
3 Month17.77%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%2.62%
ATR Inc-31.4%
Range Today0.44
ADR(20)0.69
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High28.99
10 Day Low25.62
20 Day High28.99
20 Day Low24.6
52 Week HighN/A
52 Week LowN/A
CS1 End28.02
CR1 Start28.61
Volume & EV
DER(3)-2.04%
DER(5)-0.61%
Volume725.10K
Volume Incr-9.24%
Vol(5)960.30K
Vol(50)1.59M