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Archive
- 4/17/2025 -
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Martin Marietta Materials (MLM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Martin Marietta Materials (MLM). During the week, the MLM climbed 2.54 points, or 0.52%, and closed at 494.24 on Thursday, April 17, 2025. Weekly volume was -25% below average.
 Long-term trend: [See MLM long-term trend chart]
A long-term uptrend had started on July 5, 2022 at 284.99 and reached 633.20 on November 6, 2024. MLM gained -348.21 points, or -122.18%, in 122 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See MLM medium-term trend chart]
A medium-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 chart has formed a Falling Channel chart pattern. The downtrend resistance line (405.00) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. MLM may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See MLM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 13, 2024. This is an indication that the medium-term trend is down. 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 9, 2025 at 441.90 and reached 507.94 on April 15, 2025. MLM gained -66.04 points, or -14.94%, in 6 days. The price is now at the 20.75% retracement level.
 Daily Technical Indicators: [See MLM daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 link to access Lane's Stochastic 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.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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