MATERION CORP (MTRN) Stock Technical Analysis
NYSE:MTRN - New York Stock Exchange, Inc. - US5766901012 - Common Stock - Currency: USD
Taking everything into account, MTRN scores 6 out of 10 in our technical rating. In the last year, MTRN 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, MTRN is a bad performer in the overall market: 66% of all stocks are doing better.
MTRN is one of the lesser performing stocks in the Metals & Mining industry. 70% of 154 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month MTRN has a been trading in the 76.09 - 95.96 range, which is quite wide. It is currently trading near the high of this range.
MTRN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MTRN is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MTRN has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
79.51
102.99
When analyzing the support we can see 2 important areas.
- A support zone ranging from 83.46 to 86.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 80.31 to 80.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @101.97 from a trend line in the weekly 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 MTRN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTRN is up. |
| ChartMill Relative Strength | 34.63 | NEUTRAL | MTRN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTRN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTRN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MTRN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.88 | OVERBOUGHT | The high RSI value suggests MTRN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.83 | POSITIVE | The MACD value suggests MTRN has a positive trend. |
| Stochastics (14,3) | 86.11 | OVERBOUGHT | The high Stochastics value suggests MTRN may be overbought. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for MTRN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.95 | NEGATIVE | The low ADX value for MTRN 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)
94.2
+5.57 (+6.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg6.28%
1 Week9.39%
2 Weeks10.06%
1 Month22.1%
3 Month19.59%
6 Month-6.81%
12 Month-18.13%
2 Year-20.93%
3 Year14.96%
5 Year64.05%
10 Year207.84%
15 Year294.97%
Volatility
ATR(14)3.42
ATR(20)%3.19%
ATR Inc108.32%
Range Today4.36
ADR(20)2.74
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.63
Mansfield-1.04
10 Day High95.96
10 Day Low80.69
20 Day High95.96
20 Day Low76.09
52 Week High123.21
52 Week Low69.1
CS1 End86.13
CR1 Start101.97
Volume & EV
DER(3)-1.49%
DER(5)-0.3%
Volume390.80K
Volume Incr22.43%
Vol(5)227.94K
Vol(50)184.58K