MATERION CORP (MTRN) Stock Technical Analysis
USA - NYSE:MTRN - US5766901012 - Common Stock
120.81 USD
+2.28 (+1.92%)
120.5 USD
-0.31 (-0.26%)
Taking everything into account, MTRN scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MTRN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
MTRN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
MTRN 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.
When comparing the yearly performance of all stocks, we notice that MTRN is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
MTRN is an average performer in the Metals & Mining industry, it outperforms 41% of 156 stocks in the same industry.
MTRN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 120.82. Right above this resistance zone may be a good entry point.
More info and screens
107.53
123.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 117.87 to 119.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 108.62 to 110.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 120.82 to 122.12. 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 MTRN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTRN is up. |
| ChartMill Relative Strength | 85.43 | POSITIVE | MTRN has a high relative strength, it outperformed 85.43% off all stocks 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) | UP | POSITIVE | The current price of MTRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.53 | NEUTRAL | The RSI value for MTRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MTRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.98 | NEUTRAL | The Stochastics value for MTRN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for MTRN suggests some volalility. |
| Average Directional Index/ADX (14) | 38.3 | POSITIVE | The high ADX value value for MTRN 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 |
|---|---|---|---|
| 122.13 | 117.86 | 4.27 (3.50%) | 25.00% |
| An entry @122.13. This is a Buy Stop order right above the resistance zone. | An exit @117.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.27 points, which is 3.50%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.87%. |
- The distance between exit and entry is rather small compared to the average daily movement of MTRN. 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.
120.81
+2.28 (+1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.92%
1 Week1.6%
2 Weeks5.32%
1 Month9.43%
3 Month41.15%
6 Month63.52%
12 Month14.52%
2 Year18.55%
3 Year51.01%
5 Year132.19%
10 Year302.43%
15 Year324.79%
Volatility
ATR(14)3.3
ATR(20)%2.7%
ATR Inc-33.31%
Range Today2.29
ADR(20)3.1
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.43
Mansfield1.23
10 Day High122.73
10 Day Low115.23
20 Day High122.73
20 Day Low107.72
52 Week High123.21
52 Week Low69.1
CS1 End119.44
CR1 Start120.82
Volume & EV
DER(3)0.4%
DER(5)-0.36%
Volume125.00K
Volume Incr-17.2%
Vol(5)125.86K
Vol(50)191.24K