MANHATTAN ASSOCIATES INC (MANH) Stock Technical Analysis
NASDAQ:MANH - Nasdaq - US5627501092 - Common Stock - Currency: USD
Overall MANH gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MANH was also a bad performer in the overall market in the last year.
MANH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 194.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 191.19, a Stop Loss order could be placed below this zone.
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182.64
When analyzing the support we can see 2 important areas.
- A support zone ranging from 188.39 to 191.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @184.48 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 194.50 to 196.01. 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 MANH is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MANH is up. |
| ChartMill Relative Strength | 31.3 | NEUTRAL | MANH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MANH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MANH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MANH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.27 | NEUTRAL | The RSI value for MANH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests MANH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.77 | NEUTRAL | The Stochastics value for MANH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for MANH suggests some volalility. |
| Average Directional Index/ADX (14) | 14.19 | NEGATIVE | The low ADX value for MANH suggests a weak or negative trend. |
192.63
+3.32 (+1.75%)