MATERION CORP (MTRN) Technical Analysis
NYSE:MTRN • US5766901012
Current stock price
MTRN Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to MTRN. 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.
- When comparing the yearly performance of all stocks, we notice that MTRN is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by MTRN over the past year are nicely spread over this period.
- MTRN is one of the better performing stocks in the Metals & Mining industry, it outperforms 80% of 163 stocks in the same industry.
- 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.
- In the last month MTRN has a been trading in the 142.76 - 194.28 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
MTRN Weekly and Daily overview Charts
MTRN Setup Rating and Analysis
Although MTRN has an excellent technical rating, it does not present a decent entry opportunity 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.
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MTRN Support and Resistance Analysis
133.29
4 important support areas can be observed.
- A support zone ranging from 183.80 to 185.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 170.22 to 172.53. 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 138.97 to 139.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @134.64 from a horizontal line 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 | UP | POSITIVE | The short term trend for MTRN is up. |
| ChartMill Relative Strength | 94.23 | POSITIVE | MTRN has a high relative strength, it outperformed 94.23% 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) | 64.39 | NEUTRAL | The RSI value for MTRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests MTRN has a positive trend. |
| Stochastics (14,3) | 56.06 | NEUTRAL | The Stochastics value for MTRN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for MTRN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.12 | POSITIVE | The high ADX value value for MTRN suggests a strong trend. |
MTRN Chart- and CandleStick Pattern Analysis
MTRN Technicals: Chart, Performance Metrics, Trend & Indicators
188.22
+4.41 (+2.4%)
MATERION CORP / MTRN TA FAQ
Can you provide the ChartMill technical rating for MATERION CORP?
ChartMill assigns a technical rating of 10 / 10 to MTRN.
What is the current trend direction of MATERION CORP (MTRN) stock?
The current trend direction for MATERION CORP (MTRN) is Bullish.
Can you provide the RSI signal for MATERION CORP?
MATERION CORP (MTRN) has an RSI value of 64.389. This indicates that the stock is currently neutral.
What is the MACD signal for MTRN stock?
The MACD indicator for MATERION CORP (MTRN) has a value of 0.208655, indicating a bearish trend.
What is the support and resistance level for MTRN stock?
MATERION CORP (MTRN) has a support level at 172.53 and a resistance level at 185.9. Check the full technical report for our detailed analysis of MTRN support and resistance levels.