MASSIMO GROUP (MAMO) Stock Technical Analysis
USA - NASDAQ:MAMO - US57628N1019 - Common Stock
2.89 USD
+0.02 (+0.7%)
2.87 USD
-0.02 (-0.69%)
Overall MAMO gets a technical rating of 6 out of 10. Although MAMO is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, MAMO is a bad performer in the overall market: 83% of all stocks are doing better.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month MAMO has a been trading in the 2.11 - 3.00 range, which is quite wide. It is currently trading near the high of this range.
MAMO is part of the Automobiles industry. There are 37 other stocks in this industry, MAMO did better than 52% of them.
MAMO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MAMO is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, MAMO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for MAMO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.16
3.17
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.86 to 2.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.73 to 2.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.22 to 2.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.91 to 2.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.99 from a horizontal line in the daily time frame.
- A resistance zone ranging from 3.05 to 3.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MAMO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MAMO is neutral. |
| ChartMill Relative Strength | 17.25 | NEGATIVE | MAMO has a low relative strength, it was outperformed by 82.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MAMO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MAMO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MAMO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.51 | NEUTRAL | The RSI value for MAMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MAMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.71 | OVERBOUGHT | The high Stochastics value suggests MAMO may be overbought. |
| Average True Range in percent/ATR (20) | 9.95 | HIGH VOLATILITY | The high ATR as a percentage value for MAMO suggests high volalility. |
| Average Directional Index/ADX (14) | 42.04 | POSITIVE | The high ADX value value for MAMO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.94 | 2.85 | 0.09 (3.06%) | 25.00% |
| An entry @2.94. This is a Buy Stop order right above the resistance zone. | An exit @2.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.09 points, which is 3.06%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- The distance between exit and entry is rather small compared to the average daily movement of MAMO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.89
+0.02 (+0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg0.7%
1 Week-1.54%
2 Weeks-3.69%
1 Month3.24%
3 Month2.87%
6 Month14.8%
12 Month-26.03%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%9.95%
ATR Inc-37.57%
Range Today0.03
ADR(20)0.27
ADR(20)%9.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.25
Mansfield-0.72
10 Day High3
10 Day Low2.33
20 Day High3
20 Day Low2.11
52 Week High4.66
52 Week Low1.84
CS1 End2.86
CR1 Start2.91
Volume & EV
DER(3)11.61%
DER(5)1.11%
Volume1.85K
Volume Incr-87.78%
Vol(5)8.98K
Vol(50)43.98K