MLM stock: buy or sell

MLM stock price: $347.56 3.17% At close on Mar 1st, 2021

Updated on:
Mar 2nd, 2021

2

MLM stock brief

  • Martin Marietta Materials exploded a 3.17% after marking new all-time highs on Monday
  • Morgan Stanley posted a buy rating for Martin Marietta Materials on Monday, targeting $356.00

Should I buy Martin Marietta Materials stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $MLM stock a buy?

In the current situation of Martin Marietta Materials there is not any eligible buy setup. This doesn't mean $MLM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Martin Marietta Materials stock?

When you are a novel trader and you own a stock with some profit, it's really hard to decide the best moment to sell and get your profits. Trading strategies allow us to avoid rash decisions based on our personal feelings or the noise surrounding the market. When selling, as well as buying, detailed setups are very easy to follow but are only applicable for selling stocks in your porfolio, not for selling short Martin Marietta Materials stock

As a golden rule, you must never mantain a trade that results in higher than expected losses upon the buy. The moment to sell your stock must always be dictated by the stop-loss (automatic or manual)

Is it time to sell Martin Marietta Materials stock?

Currently, Martin Marietta Materials stock doesn't match any of our preferred sell setups, so if you hold Martin Marietta Materials shares and your operation is in profit probably is not time to sell now

Martin Marietta Materials ratings

In the last 30 days, 4 brokerage ratings were published for Martin Marietta Materials

Martin Marietta Materials analysts' ratings - Last month
Brokerage firmRating
Feb 3rd, 2021
Raymond James
Feb 10th, 2021
DA Davidson Neutral
Feb 23rd, 2021
Morgan Stanley Buy
Mar 1st, 2021
Morgan Stanley Buy

Martin Marietta Materials stock analysis

Martin Marietta Materials stock started an uptrend in November 2020, and grew a gorgeous 45.55%. During this uptrend, the price provided some buy points on the breakouts. Latest pullback was last January, when price bounced at $279.90. In mid-February, Martin Marietta Materials broke out above its last top ($318.47) giving a good entry point

$MLM at Highs

Martin Marietta Materials did it again, and reached new all-time highs (ATH) on Monday at $353.56. Stock smashed new all-time highs 3 times in the last 2 weeks

SMAs overview

MLM stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistance levels.

The current supports are:

  • S1: $318.47 (-8.37% below)
  • S2: $287.02 (-17.42% below)
  • S3: $279.90 (-19.47% below)
  • Bollinger bands

    Since the price surpassed the upper band last Wednesday, the price has corrected downwards by 0.05%. The price is trading very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks

    MLM stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Thursday after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Monday was 68.52

    MLM stock RSI chart

    Martin Marietta Materials stock price history

    Martin Marietta Materials started trading on Feb 17th, 1994 at $17.39 per share1. Since then, MLM stock surged by 1,898.62%, with an average of 70.32% per year. An investment of thousand dollars at that time would worth $19,986.20 today.

    1: Adjusted price after possible price splits or reverse-splits

    MLM stock price history chart

    Price target for Martin Marietta Materials stock

    Nobody can predict how much a share will be priced in the future. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions post their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial data by the company, and many times. Again, these predictions are not direct recommendations for small traders and must not be trusted blindly.

    The average price target for Martin Marietta Materials stock calculated from the table below is $349.00. Martin Marietta Materials closed at $347.56 on Monday, so the target price is predicting a growth by 0.41%.

    Martin Marietta Materials stock price predictions
    Brokerage firmPrice target
    Feb 3rd, 2021
    Raymond James Not available
    Feb 10th, 2021
    DA Davidson $230.00$335.00
    Feb 23rd, 2021
    Morgan Stanley $344.00$356.00
    Mar 1st, 2021
    Morgan Stanley $344.00$356.00

    Earnings and financials

    Martin Marietta Materials ($MLM) hosted the financial event and posted the report in early February. MLM beat consensus earnings estimates and posted of $2.93, that is a 27.39% better than expected compared to the forecasts of $2.30. On the other hand, reported sales were $1.1 billion compared to estimates of $1.0 billion.

    In comparison, the EPS for the same quarter last year was $2.09, so current EPS is a improvement of 40.19%. Sales climbed a 8.41% on an annualized basis in the , from $10.2B to $11.1B last quarter.

    MLM ($MLM) is hosting the Q1 earnings call next May. Wall Street expects of $0.54, compared to previous quarter that made $2.93.

    Martin Marietta Materials performance

    MLM performance compared
    Company1m3m6m
    Martin Marietta Materials ($MLM) 21.50% 28.10% 66.80%

    Disclaimer:
    The comments published in this article are personal and not recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the particular conditions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for informational motives only

    MLM summary

    Monday, March 1st, 2021
    Open$344.33
    Close$347.56
    Day range$343.66 - $353.56
    Previous close$336.87
    Session gain3.17%
    Average true range$14.64
    50d mov avg$301.18
    100d mov avg$282.98
    200d mov avg$246.40
    Earnings dateMay 4th, 2021

    Frequently asked questions

    What is Martin Marietta Materials stock symbol?

    Martin Marietta Materials, Inc. is a public company trading in the US stock market with the MLM symbol

    Is Martin Marietta Materials stock a buy or sell?

    Martin Marietta Materials received 4 ratings in the last 30 days: 2 bullish, 0 bearish and 1 neutral.

    Will MLM go up?

    Martin Marietta Materials had different price predictions issued by analysts in the last 30 days forecasting the target price to $349.00. That is a 0.41% than the last price ($347.56).