Europe - Frankfurt Stock Exchange - FRA:M3BK - DE000A254W52 - Common Stock
We assign a technical rating of 9 out of 10 to M3BK. Both in the recent history as in the last year, M3BK has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although M3BK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
0.83
When analyzing the support we can see 4 important areas.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for M3BK.DE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for M3BK.DE is up. |
| ChartMill Relative Strength | 88.37 | POSITIVE | M3BK.DE has a high relative strength, it outperformed 88.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of M3BK.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of M3BK.DE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of M3BK.DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.11 | NEUTRAL | The RSI value for M3BK.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests M3BK.DE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.03 | NEUTRAL | The Stochastics value for M3BK.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.09 | HIGH VOLATILITY | The high ATR as a percentage value for M3BK.DE suggests high volalility. |
| Average Directional Index/ADX (14) | 36.34 | POSITIVE | The high ADX value value for M3BK.DE suggests a strong trend. |
ChartMill assigns a technical rating of 9 / 10 to M3BK.DE.
The current trend direction for (M3BK.DE) is Bullish.
(M3BK.DE) has an RSI value of 59.1068. This indicates that the stock is currently neutral.
The buy/sell signal for (M3BK.DE) is buy as both the short term and long term trends are positive.
(M3BK.DE) has a support level at 0.92. Check the full technical report for our detailed analysis of M3BK.DE support and resistance levels.