MANPOWERGROUP INC (MAN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MAN - US56418H1005 - Common Stock
Overall MAN gets a technical rating of 1 out of 10. MAN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
MAN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 29.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MAN 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
28.11
When analyzing the support we can see 2 important areas.
- A support zone ranging from 29.57 to 29.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @28.39 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @29.86 from a horizontal line in the weekly time frame.
- Resistance @30.48 from a horizontal line in the daily time frame.
- A resistance zone ranging from 31.49 to 31.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @46.71 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for MAN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MAN is neutral. |
| ChartMill Relative Strength | 9.34 | NEGATIVE | MAN has a low relative strength, it was outperformed by 90.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MAN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MAN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MAN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.86 | NEUTRAL | The RSI value for MAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests MAN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.24 | NEUTRAL | The Stochastics value for MAN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for MAN suggests some volalility. |
| Average Directional Index/ADX (14) | 22.17 | NEUTRAL | The ADX value for MAN suggests a possible start of a new trend. |
29.83
+0.48 (+1.64%)
MANPOWERGROUP INC / MAN FAQ
What is the ChartMill technical rating of MANPOWERGROUP INC (MAN) stock?
ChartMill assigns a technical rating of 1 / 10 to MAN.
What is the trend direction for MAN stock?
The current trend direction for MANPOWERGROUP INC (MAN) is Bearish.
Can you provide the RSI signal for MANPOWERGROUP INC?
MANPOWERGROUP INC (MAN) has an RSI value of 53.8605. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MANPOWERGROUP INC?
The MACD indicator for MANPOWERGROUP INC (MAN) has a value of 0.223211, indicating a bearish trend.
Can you provide the support and resistance levels for MANPOWERGROUP INC?
MANPOWERGROUP INC (MAN) has a support level at 29.71 and a resistance level at 29.86. Check the full technical report for our detailed analysis of MAN support and resistance levels.