MASSIMO GROUP (MAMO) Stock Technical Analysis
NASDAQ:MAMO • US57628N1019
Taking everything into account, MAMO scores 0 out of 10 in our technical rating. MAMO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, MAMO is a bad performer in the overall market: 98% of all stocks are doing better.
- MAMO is part of the Automobiles industry. There are 35 other stocks in this industry, of which 76% are performing better than MAMO.
- MAMO is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month MAMO has a been trading in the 0.86 - 3.38 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
The technical rating of MAMO is bad and it also does not present a 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
0.99
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.01 to 1.01. 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 | DOWN | NEGATIVE | The long term trend for MAMO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MAMO is down. |
| ChartMill Relative Strength | 2.02 | NEGATIVE | MAMO has a low relative strength, it was outperformed by 97.98% 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) | DOWN | NEGATIVE | The current price of MAMO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MAMO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 22.51 | OVERSOLD | The low RSI value suggests MAMO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MAMO has a positive trend. |
| Stochastics (14,3) | 12.63 | OVERSOLD | The low Stochastics value suggests MAMO may be oversold. |
| Average True Range in percent/ATR (20) | 21.3 | HIGH VOLATILITY | The high ATR as a percentage value for MAMO suggests high volalility. |
| Average Directional Index/ADX (14) | 42.1 | POSITIVE | The high ADX value value for MAMO suggests a strong trend. |
1
+0.14 (+15.79%)
MASSIMO GROUP / MAMO FAQ
What is the ChartMill technical rating of MASSIMO GROUP (MAMO) stock?
ChartMill assigns a technical rating of 0 / 10 to MAMO.
What is the trend direction for MAMO stock?
The current trend direction for MASSIMO GROUP (MAMO) is Bearish.
What is the RSI signal for MASSIMO GROUP (MAMO) stock?
MASSIMO GROUP (MAMO) has an RSI value of 22.5076. This indicates that the stock is currently oversold.
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 resistance level at 1.01. Check the full technical report for our detailed analysis of MAMO support and resistance levels.