MANH Technical Analysis - MANHATTAN ASSOCIATES INC

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to MANH. MANH performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

86% of all other stocks performed better in the past year than MANH.

MANH is part of the Software industry. There are 281 other stocks in this industry, of which 70% are performing better than MANH.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

MANH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MANH is lagging the market.

In the last month MANH has a been trading in the 196.00 - 220.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MANHATTAN ASSOCIATES INC / MANH Weekly stock chart

MANHATTAN ASSOCIATES INC / MANH Daily stock chart

Setup Rating and Analysis

The technical rating of MANH is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

196.95

222.39

When analyzing the support we notice one important area.

A support zone ranging from 198.94 to 198.94. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 210.08 to 213.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 217.75 to 220.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 MANH is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MANH is down.
ChartMill Relative Strength	14.26	NEGATIVE	MANH has a low relative strength, it was outperformed by 85.74% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MANH is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MANH is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of MANH is above a declining SMA(200).
Relative Strength Index/RSI (14)	34.71	NEUTRAL	The RSI value for MANH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.55	NEGATIVE	The MACD value suggests MANH has a negative trend, although the MACD value is rising.
Stochastics (14,3)	16.37	OVERSOLD	The low Stochastics value suggests MANH may be oversold.
Average True Range in percent/ATR (20)	2.58	MEDIUM VOLATILITY	The ATR as a percentage value for MANH suggests some volalility.
Average Directional Index/ADX (14)	20.25	NEUTRAL	The ADX value for MANH suggests a possible start of a new trend.