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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Martin Marietta Materials (MLM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the Martin Marietta Materials (MLM). During the week, the MLM gained 31.36 points, or 6.22%, and closed at 535.80 on Friday, May 2, 2025. It was the best weekly gain since January 17, 2025. Weekly volume was 14% above average.
 Long-term trend: [See MLM long-term trend chart]
A long-term downtrend had started on November 6, 2024 at 633.20 and reached 441.90 on April 9, 2025. MLM lost 191.30 points, or 30.21%, in 22 weeks. The price is now at the 49.09% retracement level.
 Medium-term trend: [See MLM medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 441.90 and reached 539.76 on May 2, 2025. MLM gained -97.86 points, or -22.15%, in 3 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See MLM weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
Short-term trend: [See MLM short-term trend chart]
A short-term uptrend had started on April 21, 2025 at 478.86 and reached 539.76 on May 2, 2025. MLM gained -60.90 points, or -12.72%, in 11 days. The price is now at the 6.50% retracement level.
 Daily Technical Indicators: [See MLM daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 9, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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