MLM technical analysis
MLM Technical Analysis
Analysis date
August 5, 2026
Market
NYSE (USD)
Daily cutoff
August 3, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
MLM Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- MLM
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- August 3, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 542.27 | August 3, 2026 | - | Verified |
| Verification series | 542.27 | August 3, 2026 | 0.00% | Verified |
Bottom line
MLM Technical Analysis Summary
MLM is trading near its 52-week low after a sharp decline from the 709.08 high. The daily chart shows price at 542.27 below all key moving averages (SMA20 at 562.83, SMA50 at 574.77, SMA200 at 609.77) with bearish and widening MACD momentum. The weekly chart is also weak, with price at 525.14 essentially testing the 52-week low of 523.48 and RSI at 35.95 approaching oversold levels. The 523.48 level is the critical support to watch. A sustained break below it would confirm a deeper correction, while reclaiming the SMA20 zone around 562-564 on the daily would be the first sign of stabilization.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 3, 2026)
- Trend
- Bearish. Price at 542.27 is below SMA20 (562.83), SMA50 (574.77), and SMA200 (609.77). The SMA20 is below SMA50 and both are declining, confirming a persistent short-term downtrend. The SMA200 is also sloping lower, signaling weakened long-term momentum.
- Momentum
- Bearish. RSI14 at 42.47 is below the 50 midpoint, indicating bearish momentum without oversold conditions. MACD line at -10.05 is below the signal line at -7.61 with a deepening negative histogram of -2.44, showing downside momentum is still accelerating.
- Volatility
- Moderate. ATR14 at 18.61 (3.43% of price) reflects average daily movement of about 3.4%. Bollinger Bands (529.94 to 595.72) are wide, with price recovering above the lower band after a recent spike toward the 523.48 area.
- Volume
- Above average. Latest volume of 768,100 is 126.6% of the 20-period average (606,805), indicating active participation during the recent decline.
Assessment
The daily chart is firmly bearish. Price is below all key moving averages after a steep decline toward the 52-week low, RSI sits in bearish territory, and MACD momentum remains negative and widening. The stock bounced on the latest session after touching the 523.48 zone. A sustained close above SMA20 (562.83) would be the first sign of a trend shift, while a break below 523.48 would confirm a deeper correction.
Weekly (July 27, 2026 week)
- Trend
- Mixed. Price at 525.14 is below SMA20 (583.64) and SMA50 (611.53) but remains above SMA200 (510.87). The SMA200 continues to slope upward, preserving the longer-term uptrend, but the short-term weekly trend is clearly bearish after the decline from the 709 high.
- Momentum
- Bearish. RSI14 at 35.95 is below the 50 midpoint and approaching oversold territory. MACD line at -14.84 is below the signal line at -9.91 with a negative histogram of -4.93, confirming weakening momentum on the weekly scale.
- Volatility
- Elevated. ATR14 at 38.67 (7.36% of price) reflects wide weekly ranges consistent with the sharp correction from the highs.
- Volume
- Above average. Weekly volume of 4,291,900 is 160.2% of the 20-week average (2,678,530), indicating heavy participation during the decline.
Assessment
The weekly chart has deteriorated markedly. Price is pressing on the 52-week low at 523.48, and RSI near 36 is approaching oversold levels. While price remains above the upward-sloping SMA200 (510.87), the breakdown below the shorter averages and rising volume on declines point to persistent selling pressure. The 523.48 zone is the decisive weekly support. A close below it would shift the weekly structure toward the SMA200 around 510.87.
Key indicators
MLM Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 42.47 | 35.95 |
| MACD (12, 26, 9) | -10.05 / -7.61 / -2.44 | -14.84 / -9.91 / -4.93 |
| ATR (14) | 18.61 (3.43%) | 38.67 (7.36%) |
| Bollinger Bands (20, 2) | 529.94 - 595.72 | 527.25 - 640.03 |
| SMA (20) | 562.83 | 583.64 |
| SMA (50) | 574.77 | 611.53 |
| SMA (200) | 609.77 | 510.87 |
Price structure
MLM Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 542.27 | 525.14 |
| 1-Period Return | +3.26% | -6.16% |
| 5-Period Return | -5.20% | -14.76% |
| 20-Period Return | -10.41% | -9.91% |
| 60-Period Return | -11.77% | -4.24% |
| 252-Period Return | -5.17% | +52.72% |
| 52-Week Low | 523.48 | 523.48 |
| 52-Week High | 709.08 | 709.08 |
| 52-Week Position | 10.12% | 0.89% |
Key levels
MLM Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 606.54 | 642.18 |
| 20-Period Low | 523.48 | 523.48 |
| 60-Period High | 642.18 | 709.08 |
| 60-Period Low | 523.48 | 523.48 |
Scenarios
MLM Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price holds the 523.48 support zone and reclaims SMA20 (562.83 on the daily, 583.64 on the weekly) with improving MACD momentum.
Invalidation
A sustained daily close below the 52-week low of 523.48.
What to watch
MACD histogram turning less negative or crossing positive; RSI climbing back above 50; volume rising on up days.
Range-Bound
Trigger
Price oscillates between the 52-week low of 523.48 and the SMA50/SMA20 zone around 575-600 on the daily chart.
Invalidation
A decisive break below 523.48 or above SMA20 (562.83).
What to watch
RSI staying between 30 and 50; volume normalizing; MACD histogram flattening near zero.
Bearish
Trigger
Price breaks below the 52-week low of 523.48 and extends toward the weekly SMA200 near 510.87.
Invalidation
Price reclaims SMA20 (562.83) and holds above it with rising momentum.
What to watch
Sustained closes below 523.48; MACD histogram deepening further; volume staying elevated on declines.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 3, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 3, 2026, weekly July 27, 2026 week. Generated August 5, 2026.
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