MATERION CORP (MTRN) Technical Analysis
NYSE:MTRN • US5766901012
Current stock price
MTRN Technical Rating and Analysis
Overall MTRN gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month MTRN has a been trading in the 133.88 - 168.92 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, MTRN did better than 88% of all other stocks.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- MTRN is an average performer in the Metals & Mining industry, it outperforms 44% of 157 stocks in the same industry.
- MTRN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MTRN is lagging the market slightly.
MTRN Weekly and Daily overview Charts
MTRN Setup Rating and Analysis
MTRN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
MTRN Support and Resistance Analysis
108.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 135.98 to 135.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @117.26 from a trend line in the daily time frame.
- Support @109.59 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 136.00 to 136.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 146.14 to 149.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
MTRN Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for MTRN is down. |
| ChartMill Relative Strength | 88.6 | POSITIVE | MTRN has a high relative strength, it outperformed 88.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTRN is below a declining 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) | 36.64 | NEUTRAL | The RSI value for MTRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.98 | NEGATIVE | The MACD value suggests MTRN has a negative trend. |
| Stochastics (14,3) | 13.25 | OVERSOLD | The low Stochastics value suggests MTRN may be oversold. |
| Average True Range in percent/ATR (20) | 6.02 | HIGH VOLATILITY | The high ATR as a percentage value for MTRN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.24 | NEUTRAL | The ADX value for MTRN suggests a possible start of a new trend. |
MTRN Chart- and CandleStick Pattern Analysis
MTRN Technicals: Chart, Performance Metrics, Trend & Indicators
135.99
-2.41 (-1.74%)
MATERION CORP / MTRN TA FAQ
Can you provide the ChartMill technical rating for MATERION CORP?
ChartMill assigns a technical rating of 6 / 10 to MTRN.
What is the current trend direction of MATERION CORP (MTRN) stock?
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 36.6388. This indicates that the stock is currently neutral.
What is the MACD signal for MATERION CORP (MTRN) stock?
The MACD indicator for MATERION CORP (MTRN) has a value of -2.98341, indicating a bearish trend.
Can you provide the short term momentum for MATERION CORP?
The short term momentum for MATERION CORP (MTRN) is negative.