MASSIMO GROUP (MAMO) Stock Technical Analysis
NASDAQ:MAMO - Nasdaq - US57628N1019 - Common Stock - Currency: USD
Taking everything into account, MAMO scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MAMO was also a bad performer in the overall market in the last year.
90% of all other stocks performed better in the past year than MAMO.
MAMO is one of the lesser performing stocks in the Automobiles industry. 75% of 37 stocks in the same industry do better.
MAMO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: MAMO has an average volume of 23650 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month MAMO has a been trading in the 1.94 - 2.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MAMO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.78. Right above this resistance zone may be a good entry point. 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
2.15
2.83
3 important support areas can be observed.
- A support zone ranging from 2.41 to 2.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.31 to 2.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.17 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.78 to 2.80. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for MAMO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MAMO is neutral. |
| ChartMill Relative Strength | 10.59 | NEGATIVE | MAMO has a low relative strength, it was outperformed by 89.41% 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) | DOWN | NEGATIVE | The current price of MAMO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.46 | 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) | 63.77 | NEUTRAL | The Stochastics value for MAMO is a neutral value. |
| Average True Range in percent/ATR (20) | 12.94 | HIGH VOLATILITY | The high ATR as a percentage value for MAMO suggests high volalility. |
| Average Directional Index/ADX (14) | 22.05 | NEUTRAL | The ADX value for MAMO suggests a possible start of a new 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)
2.5
+0.07 (+2.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg2.88%
1 Week-8.3%
2 Weeks-0.41%
1 Month11.98%
3 Month2.97%
6 Month-20.85%
12 Month-40%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%12.94%
ATR Inc73.49%
Range Today0.15
ADR(20)0.3
ADR(20)%12.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.59
Mansfield-2.4
10 Day High2.84
10 Day Low1.94
20 Day High2.96
20 Day Low1.94
52 Week High4.66
52 Week Low1.84
CS1 End2.31
CR1 Start2.78
Volume & EV
DER(3)-0.17%
DER(5)9.42%
Volume10.84K
Volume Incr-24.47%
Vol(5)33.42K
Vol(50)23.65K