(MLM) On The My Stocks Page

January 16, 2024, 01:40 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MLM

• Buy MLM slightly over 483.62 target 516.03 stop loss @ 482.22 Details

The technical summary data tells us to buy MLM near 483.62 with an upside target of 516.03. This data also tells us to set a stop loss @ 482.22 to protect against excessive loss in case the stock begins to move against the trade. 483.62 is the first level of support below 495.88 , and by rule, any test of support is a buy signal. In this case, support 483.62 is being tested, a buy signal would exist.

• Short MLM slightly under 516.03, target 483.62, stop loss @ 517.52 Details

The technical summary data is suggesting a short of MLM as it gets near 516.03 with a downside target of 483.62. We should have a stop loss in place at 517.52though. 516.03 is the first level of resistance above 495.88, and by rule, any test of resistance is a short signal. In this case, if resistance 516.03 is being tested, a short signal would exist.

Swing Trading Plans for MLM

• Buy MLM slightly over 499.4, target 516.03, Stop Loss @ 497.96 Details

If 499.4 begins to break higher, the technical summary data tells us to buy MLM just slightly over 499.4, with an upside target of 516.03. The data also tells us to set a stop loss @ 497.96 in case the stock turns against the trade. 499.4 is the first level of resistance above 495.88, and by rule, any break above resistance is a buy signal. In this case, 499.4, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MLM slightly near 499.4, target 486.51, Stop Loss @ 500.84. Details

The technical summary data is suggesting a short of MLM if it tests 499.4 with a downside target of 486.51. We should have a stop loss in place at 500.84 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 499.4, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MLM

• Buy MLM slightly over 496.44, target 499.4, Stop Loss @ 495.28 Details

If 496.44 begins to break higher, the technical summary data tells us to buy MLM just slightly over 496.44, with an upside target of 499.4. The data also tells us to set a stop loss @ 495.28 in case the stock turns against the trade. 496.44 is the first level of resistance above 495.88, and by rule, any break above resistance is a buy signal. In this case, 496.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MLM slightly near 496.44, target 486.51, Stop Loss @ 497.6. Details

The technical summary data is suggesting a short of MLM if it tests 496.44 with a downside target of 486.51. We should have a stop loss in place at 497.6 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 496.44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Martin Marietta Materials Inc. (MLM) available here: MLM.

MLM Ratings for January 16:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	448.91
P2	496.44	486.51	483.62
P3	501.9	499.4	516.03

AI Generated Signals for MLM

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Trading or Investing in Martin Marietta Materials Inc. (NYSE: MLM) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MLM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MLM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MLM too.  All of these are offered below the Summary Table.