Auto-detected technical analysis for MLM · data as of Aug 4, 2026. The chart above is live; the read below updates daily.
MLM is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.
A bullish pennant is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $582.34 (+6.9%). Across 2,605 backtested bullish pennants, the setup followed through 57.4% of the time, averaging +0.99R; MLM's own bullish pennants have hit 60.0%.
New to this pattern? What a bullish pennant is and how to trade it →
MLM's most recent completed falling wedge resolved as a win: it broke higher on Nov 25, 2025 near $609.30, then reached its target at $619.01 on Dec 17, 2025 — a +0.40R move (1.6%) over 15 sessions. Across 150 backtested falling wedges, this setup wins 61.3% of the time.
Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.
Every completed pattern trade our nightly backtest found on MLM's daily chart, newest first — wins and losses alike.
| Pattern | Entry | Exit | Outcome | Result |
|---|---|---|---|---|
| Falling Wedge | Nov 25, 2025 @ $609.30 | Dec 17, 2025 @ $619.01 | Win | +0.40R |
| Bullish Pennant | Jun 27, 2025 @ $548.07 | Aug 18, 2025 @ $602.83 | Win | +3.59R |
| Triangle | Oct 15, 2024 @ $555.16 | Nov 14, 2024 @ $587.96 | Win | +0.83R |
| Falling Wedge | Sep 4, 2024 @ $507.71 | Oct 16, 2024 @ $570.90 | Loss | -1.12R |
| Falling Wedge | Jul 11, 2024 @ $546.29 | Jul 24, 2024 @ $537.83 | Loss | -3.68R |
| Triangle | May 9, 2024 @ $603.20 | May 28, 2024 @ $570.32 | Loss | -1.07R |
| Triangle | Apr 28, 2023 @ $358.62 | May 23, 2023 @ $397.26 | Win | +2.60R |
| Triangle | Dec 15, 2022 @ $353.37 | Feb 15, 2023 @ $382.80 | Loss | -1.46R |
| Falling Wedge | Oct 25, 2022 @ $318.88 | Nov 29, 2022 @ $357.54 | Win | +1.88R |
| Rising Wedge | Apr 1, 2022 @ $385.11 | Apr 25, 2022 @ $353.56 | Win | +1.45R |
| Triangle | Mar 25, 2022 @ $386.18 | Apr 6, 2022 @ $373.53 | Loss | -1.07R |
| Triangle | Mar 4, 2022 @ $366.28 | Mar 25, 2022 @ $393.94 | Loss | -1.35R |
On the weekly chart, the nearest level worth watching is a ceiling overhead near $671.25 — where price has stalled before.
Nearest auto-detected resistance near $641.80. These are chart/swing-derived levels, not formula pivots.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Aug 4, 2026 | $547.84 | $556.24 | $538.51 | $555.82 |
| Aug 3, 2026 | $530.01 | $546.54 | $530.01 | $542.27 |
| Jul 31, 2026 | $536.20 | $539.69 | $523.48 | $525.14 |
| Jul 30, 2026 | $563.45 | $577.09 | $535.90 | $540.00 |
| Jul 29, 2026 | $587.38 | $588.00 | $567.44 | $569.66 |
| Jul 28, 2026 | $577.50 | $585.62 | $570.85 | $583.67 |
| Jul 27, 2026 | $571.12 | $576.46 | $566.84 | $572.03 |
| Jul 24, 2026 | $549.68 | $562.39 | $547.88 | $559.60 |
| Jul 23, 2026 | $546.99 | $552.60 | $539.96 | $546.87 |
| Jul 22, 2026 | $550.65 | $558.23 | $548.69 | $550.66 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.