MASSIMO GROUP (MAMO) Stock Technical Analysis
NASDAQ:MAMO - US57628N1019 - Common Stock
2.16 USD
-0.24 (-10%)
2.1899 USD
+0.03 (+1.38%)
Overall MAMO gets a technical rating of 1 out of 10. 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.
90% of all other stocks performed better in the past year than MAMO.
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.
In the last month MAMO has a been trading in the 2.11 - 3.22 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
MAMO is part of the Automobiles industry. There are 38 other stocks in this industry, MAMO did better than 45% of them.
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. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.14
3.16
We can see 3 important resistance areas.
- Resistance @2.90 from a trend line in the daily time frame.
- Resistance @2.96 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.05 to 3.13. 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 | NEUTRAL | NEUTRAL | The long term trend for MAMO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MAMO is down. |
| ChartMill Relative Strength | 10.86 | NEGATIVE | MAMO has a low relative strength, it was outperformed by 89.14% 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) | DOWN | NEGATIVE | The current price of MAMO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.96 | NEUTRAL | The RSI value for MAMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests MAMO has a negative trend. |
| Stochastics (14,3) | 8.99 | OVERSOLD | The low Stochastics value suggests MAMO may be oversold. |
| Average True Range in percent/ATR (20) | 11.65 | HIGH VOLATILITY | The high ATR as a percentage value for MAMO suggests high volalility. |
| Average Directional Index/ADX (14) | 43.78 | 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)
2.16
-0.24 (-10%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-10%
1 Week-21.74%
2 Weeks-22.86%
1 Month-28%
3 Month2.86%
6 Month-23.13%
12 Month-39.66%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%11.65%
ATR Inc5.42%
Range Today0.29
ADR(20)0.24
ADR(20)%11.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.86
Mansfield-3.1
10 Day High3
10 Day Low2.11
20 Day High3.22
20 Day Low2.11
52 Week High4.66
52 Week Low1.84
CS1 EndN/A
CR1 Start2.9
Volume & EV
DER(3)-19.96%
DER(5)-15.97%
Volume10.80K
Volume Incr-69.45%
Vol(5)8.18K
Vol(50)34.41K