We assign a technical rating of 8 out of 10 to MAMO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MAMO is showing a nice and steady performance.
MAMO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 3.51, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.16
5 important support areas can be observed.
- A support zone ranging from 3.46 to 3.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.29 to 3.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.00 from a horizontal line in the daily time frame.
- A support zone ranging from 2.39 to 2.40. 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.
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 | 89.41 | POSITIVE | MAMO has a high relative strength, it outperformed 89.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MAMO is below 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) | 50.35 | NEUTRAL | The RSI value for MAMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MAMO has a negative trend. |
| Stochastics (14,3) | 41.62 | NEUTRAL | The Stochastics value for MAMO is a neutral value. |
| Average True Range in percent/ATR (20) | 12.37 | HIGH VOLATILITY | The high ATR as a percentage value for MAMO suggests high volalility. |
| Average Directional Index/ADX (14) | 21.04 | NEUTRAL | The ADX value for MAMO suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 4.45 | 3.45 | 1.00 (22.47%) | 4.45% |
| An entry @4.45. This is a Buy Stop order right above the 10 day high. | An exit @3.45. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.00 points, which is 22.47%. | For a 1.00% total portfolio risk, you can invest 4.45% of your capital in this trade. |
- 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.
3.7
+0.23 (+6.63%)
MASSIMO GROUP / MAMO FAQ
What is the ChartMill technical rating of MASSIMO GROUP (MAMO) stock?
ChartMill assigns a technical rating of 8 / 10 to MAMO.
Can you provide the trend direction for MASSIMO GROUP?
The current trend direction for MASSIMO GROUP (MAMO) is Bullish.
What is the RSI signal for MASSIMO GROUP (MAMO) stock?
MASSIMO GROUP (MAMO) has an RSI value of 50.3531. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MASSIMO GROUP?
MASSIMO GROUP (MAMO) has a support level at 3.51. Check the full technical report for our detailed analysis of MAMO support and resistance levels.