Overall MAMO gets a technical rating of 6 out of 10. In the last year, MAMO was one of the better performers, but we do observe some doubts in the very recent evolution.
MAMO has an average technical rating and the quality of the presented setup is also not ideal 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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2.46
3 important support areas can be observed.
- A support zone ranging from 3.64 to 3.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.99 from a horizontal line in the daily time frame.
- A support zone ranging from 2.48 to 2.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @4.10 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 | DOWN | NEGATIVE | The short term trend for MAMO is down. |
| ChartMill Relative Strength | 89.35 | POSITIVE | MAMO has a high relative strength, it outperformed 89.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MAMO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MAMO is below 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) | 41.42 | NEUTRAL | The RSI value for MAMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests MAMO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.86 | OVERSOLD | The low Stochastics value suggests MAMO may be oversold. |
| Average True Range in percent/ATR (20) | 9.59 | HIGH VOLATILITY | The high ATR as a percentage value for MAMO suggests high volalility. |
| Average Directional Index/ADX (14) | 24.04 | NEUTRAL | The ADX value for MAMO suggests a possible start of a new trend. |
3.68
+0.03 (+0.82%)
MASSIMO GROUP / MAMO FAQ
What is the ChartMill technical rating of MASSIMO GROUP (MAMO) stock?
ChartMill assigns a technical rating of 6 / 10 to MAMO.
What is the trend direction for MAMO stock?
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 41.4219. This indicates that the stock is currently neutral.
What is the short term momentum for MAMO stock?
The short term momentum for MASSIMO GROUP (MAMO) is negative.
What is the support and resistance level for MAMO stock?
MASSIMO GROUP (MAMO) has a support level at 3.64 and a resistance level at 4.1. Check the full technical report for our detailed analysis of MAMO support and resistance levels.