MATERION CORP (MTRN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MTRN - US5766901012 - Common Stock
Taking everything into account, MTRN scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MTRN is only an average performer.
Although the technical rating is only medium, MTRN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 116.92, a Stop Loss order could be placed below this zone.
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108.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 114.63 to 116.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @111.50 from a horizontal line in the daily time frame.
- Support @109.59 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 134.40 to 134.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @137.67 from a horizontal 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 | UP | POSITIVE | The long term trend for MTRN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTRN is neutral. |
| ChartMill Relative Strength | 67.98 | 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 | MIXED | The current price of MTRN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.06 | NEUTRAL | The RSI value for MTRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests MTRN has a positive trend. |
| Stochastics (14,3) | 72.72 | NEUTRAL | The Stochastics value for MTRN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.48 | MEDIUM VOLATILITY | The ATR as a percentage value for MTRN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.8 | NEGATIVE | The low ADX value for MTRN suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 123.27 | 114.62 | 8.65 (7.02%) | 14.25% |
| An entry @123.27. This is a Buy Stop order right above the 10 day high. | An exit @114.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.65 points, which is 7.02%. | For a 1.00% total portfolio risk, you can invest 14.25% 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.
120.79
+0.05 (+0.04%)
MATERION CORP / MTRN FAQ
Can you provide the ChartMill technical rating for MATERION CORP?
ChartMill assigns a technical rating of 6 / 10 to MTRN.
Can you provide the trend direction for MATERION CORP?
The current trend direction for MATERION CORP (MTRN) is Bullish.
What is the RSI signal for MATERION CORP (MTRN) stock?
MATERION CORP (MTRN) has an RSI value of 54.0575. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MATERION CORP?
MATERION CORP (MTRN) has a support level at 116.92 and a resistance level at 134.4. Check the full technical report for our detailed analysis of MTRN support and resistance levels.