MLM technical analysis
MLM Technical Analysis
Analysis date
July 15, 2026
Market
NYSE (USD)
Daily cutoff
July 14, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
MLM Data Verification
Cross-validating the latest completed daily bar across independent sources.
- Symbol
- MLM
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- July 14, 2026
No adjustment factor (adjusted close equals raw close, factor 1.0). No stock splits or dividend adjustments materially affecting the analysis period.
| Source | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Yahoo Finance Chart API (primary) | 573.75 | July 14, 2026 | - | Verified |
| Financial Modeling Prep (independent) | 573.75 | July 14, 2026 | 0.00% | Verified |
Bottom line
MLM Technical Analysis Summary
MLM is in a short-term corrective phase after declining from its 52-week high of 709.08. The daily chart shows price trading below all key moving averages (SMA20, SMA50, SMA200) with bearish MACD momentum. However, the weekly chart offers a mixed picture: price is below SMA20 and SMA50 but remains above the upward-sloping SMA200, confirming the long-term uptrend is still intact. RSI near 45 on both timeframes is neutral-bearish (not oversold). The stock is near its 20-day low of 562.00 and approaching the 60-day/52-week low of 524.63. A bounce from the 562 support zone with a positive MACD crossover on the daily would be the first bullish signal. A break below 524.63 would suggest a deeper correction.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (July 14, 2026)
- Trend
- Bearish. Price at 573.75 is below SMA20 (593.36), SMA50 (581.31), and SMA200 (614.70). The SMA20 is below SMA50 and both are declining, confirming a short-term downtrend. The SMA200 is also sloping downward, suggesting weakening long-term momentum.
- Momentum
- Bearish. RSI14 at 45.77 is below the 50 midpoint, indicating bearish momentum. MACD at -2.64 with signal at 0.89 and a negative deepening histogram of -3.54 shows bearish momentum is accelerating.
- Volatility
- Moderate. ATR14 at 18.52 (3.23% of price) suggests average daily movement of about 3.2%. Bollinger Bands (558.41 to 628.30) are moderately wide with price near the lower band, reflecting a downtrend that may be approaching a bounce zone.
- Volume
- Below average. Latest volume of 325,376 is 49.1% of the 20-period average (662,749), indicating reduced participation during the decline.
Assessment
The daily chart shows a clear short-term downtrend with price below all key SMAs. RSI is in bearish territory and MACD momentum is negative and accelerating. The stock is trading near its 20-day low of 562.00. Below-average volume on the decline could suggest limited selling pressure, but there is no reversal signal yet. A positive MACD crossover and a reclaim of the SMA50 (581.31) would be needed to suggest a trend change.
Weekly (July 6, 2026 week)
- Trend
- Mixed. Price at 577.72 is below SMA20 (594.62) and SMA50 (614.36) but above SMA200 (507.39). The SMA200 continues to slope upward, confirming the long-term uptrend. The short-term weekly trend is bearish as price has declined from the 700 level.
- Momentum
- Neutral to improving. RSI14 at 45.05 is in neutral-bearish territory. MACD at -7.57 is below signal at -7.77 but the histogram has turned positive at 0.20, suggesting early signs of downside momentum slowing.
- Volatility
- Elevated. ATR14 at 38.34 (6.64% of price) reflects above-average weekly ranges, consistent with the stock making a significant correction from its highs.
- Volume
- Above average. Weekly volume of 3,099,600 is 114.8% of the 20-week average (2,699,500), indicating active participation during the pullback.
Assessment
The weekly chart offers a more nuanced picture than the daily. While price has fallen sharply from the 709 high and is below the shorter SMAs, the SMA200 continues to slope upward and price is still 13.9% above it. The MACD histogram just turned positive, hinting that downside momentum may be exhausting. However, RSI below 50 suggests bears remain in control in the medium term. The key weekly level to watch is the 60-week/52-week low of 524.63.
Key indicators
MLM Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 45.77 | 45.05 |
| MACD (12, 26, 9) | -2.64 / 0.89 / -3.54 | -7.57 / -7.77 / 0.20 |
| ATR (14) | 18.52 (3.23%) | 38.34 (6.64%) |
| Bollinger Bands (20, 2) | 558.41 - 628.30 | 534.61 - 654.62 |
| SMA (20) | 593.36 | 594.62 |
| SMA (50) | 581.31 | 614.36 |
| SMA (200) | 614.70 | 507.39 |
Price structure
MLM Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 573.75 | 577.72 |
| 1-Period Return | +0.77% | -3.62% |
| 5-Period Return | -3.44% | +0.33% |
| 20-Period Return | -0.62% | -15.55% |
| 60-Period Return | -5.50% | +3.11% |
| 252-Period Return | +2.64% | +60.97% |
| 52-Week Low | 524.63 | 524.63 |
| 52-Week High | 709.08 | 709.08 |
| 52-Week Position | 26.63% | 28.78% |
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 | 642.18 | 700.52 |
| 20-Period Low | 562.00 | 524.63 |
| 60-Period High | 642.18 | 709.08 |
| 60-Period Low | 524.63 | 524.63 |
Scenarios
MLM Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price bounces from the 562 support zone and reclaims SMA50 (581.31) followed by SMA20 (593.36).
Invalidation
Price breaks below the 60-day low of 524.63 with above-average volume.
What to watch
Daily MACD histogram turning less negative or crossing positive; RSI climbing back above 50; volume increasing on up days.
Range-Bound
Trigger
Price oscillates between the 20-day low of 562.00 and the SMA20/SMA50 zone around 581-593.
Invalidation
A decisive break above SMA20 (593.36) or below the 60-day low (524.63).
What to watch
RSI staying between 35 and 50; volume remaining below average; MACD histogram staying near zero.
Bearish
Trigger
Price breaks below the 20-day low at 562.00 and continues toward the 60-day/52-week low of 524.63.
Invalidation
Price reclaims the SMA50 (581.31) and holds above it with improving momentum.
What to watch
Sustained closes below 562; MACD histogram deepening further; increasing downside volume.
Methodology
Methodology and Limitations
This technical analysis uses adjusted closing prices from Yahoo Finance (primary) and Financial Modeling Prep with Finviz (independent cross-validation). The daily analysis covers approximately 2 years (501 completed bars) ending July 14, 2026. The weekly analysis covers approximately 5 years (261 completed bars) ending the week of July 6, 2026. Prices are adjusted for dividends and stock splits using the adjusted close/raw close ratio. Volume data is from the primary source and may not match other data providers. Technical indicators include SMA, RSI, MACD, ATR, and Bollinger Bands using standard parameters. Key levels are identified from recent swing highs and lows. Technical analysis studies historical price patterns and does not constitute investment advice. It should not be used as the sole basis for trading decisions.
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.
Data sourced from Yahoo Finance (primary) and Finviz (independent cross-validation). Data cutoffs: daily July 14, 2026, weekly July 6, 2026 week. Generated July 15, 2026.
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