MAMA Technical Analysis - MAMA'S CREATIONS INC

Technical Rating and Analysis

Overall MAMA gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MAMA is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that MAMA is one of the better performing stocks in the market, outperforming 88% of all stocks.

MAMA is one of the better performing stocks in the Food Products industry, it outperforms 93% of 89 stocks in the same industry.

MAMA 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 MAMA is lagging the market slightly.

MAMA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MAMA'S CREATIONS INC / MAMA Weekly stock chart

MAMA'S CREATIONS INC / MAMA Daily stock chart

Setup Rating and Analysis

MAMA has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.87

10.63

4 important support areas can be observed.

Support @9.40 from a horizontal line in the daily time frame.
A support zone ranging from 8.31 to 8.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 7.90 to 7.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @6.94 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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 MAMA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MAMA is up.
ChartMill Relative Strength	88.52	POSITIVE	MAMA has a high relative strength, it outperformed 88.52% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MAMA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MAMA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MAMA is above the rising SMA(200).
Relative Strength Index/RSI (14)	66.36	NEUTRAL	The RSI value for MAMA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests MAMA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	73.64	NEUTRAL	The Stochastics value for MAMA is a neutral value.
Average True Range in percent/ATR (20)	5.2	HIGH VOLATILITY	The high ATR as a percentage value for MAMA suggests high volalility.
Average Directional Index/ADX (14)	27.27	POSITIVE	The high ADX value value for MAMA suggests a strong trend.