(M3BK.DE) Stock Technical Analysis
Europe • Frankfurt Stock Exchange • FRA:M3BK • DE000A254W52
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.
- Warning: M3BK has an average volume of 13672 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- M3BK is part of the Technology Hardware, Storage & Peripherals industry. There are 33 other stocks in this industry. M3BK outperforms 87% of them.
- M3BK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so M3BK is lagging the market slightly.
- Looking at the yearly performance, M3BK did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month M3BK has a been trading in the 0.90 - 1.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although M3BK has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
0.83
When analyzing the support we can see 4 important areas.
- Support @0.92 from a trend line in the weekly time frame.
- Support @0.89 from a trend line in the daily time frame.
- Support @0.86 from a trend line in the daily time frame.
- Support @0.84 from a horizontal line in the daily time frame.
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. |
/ M3BK.DE FAQ
What is the technical rating for M3BK stock?
ChartMill assigns a technical rating of 9 / 10 to M3BK.DE.
What is the current trend direction of (M3BK.DE) stock?
The current trend direction for (M3BK.DE) is Bullish.
Can you provide the RSI signal for ?
(M3BK.DE) has an RSI value of 59.1068. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ?
The buy/sell signal for (M3BK.DE) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ?
(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.