MANPOWERGROUP INC (MAN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MAN - US56418H1005 - Common Stock
Overall MAN gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MAN was also a bad performer in the overall market in the last year.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 89% of all other stocks performed better in the past year than MAN.
- MAN is part of the Professional Services industry. There are 88 other stocks in this industry, of which 66% are performing better than MAN.
- MAN 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 MAN has a been trading in the 28.83 - 31.75 range, which is quite wide. It is currently trading near the high of this range.
MAN has a bad 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 31.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.28, 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.
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28.92
When analyzing the support we notice one important area.
- A support zone ranging from 29.21 to 29.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 31.41 to 31.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @45.19 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 | 11.8 | NEGATIVE | MAN has a low relative strength, it was outperformed by 88.2% 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) | UP | POSITIVE | The current price of MAN is above the rising 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) | 57.2 | NEUTRAL | The RSI value for MAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MAN has a positive trend. |
| Stochastics (14,3) | 51.26 | NEUTRAL | The Stochastics value for MAN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for MAN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.36 | NEGATIVE | The low ADX value for MAN suggests a weak or negative trend. |
31.35
+1 (+3.29%)
MANPOWERGROUP INC / MAN FAQ
What is the ChartMill technical rating of MANPOWERGROUP INC (MAN) stock?
ChartMill assigns a technical rating of 2 / 10 to MAN.
What is the current trend direction of MANPOWERGROUP INC (MAN) stock?
The current trend direction for MANPOWERGROUP INC (MAN) is Bearish.
What is the RSI signal for MANPOWERGROUP INC (MAN) stock?
MANPOWERGROUP INC (MAN) has an RSI value of 57.2035. 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 0.0166216, indicating a bearish trend.