MANCHESTER UNITED PLC-CL A (MANU) Stock Technical Analysis
NYSE:MANU • KYG5784H1065
Taking everything into account, MANU scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MANU has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MANU is one of the better performing stocks in the market, outperforming 77% of all stocks. We also observe that the gains produced by MANU over the past year are nicely spread over this period.
- MANU is part of the Entertainment industry. There are 80 other stocks in this industry. MANU outperforms 73% of them.
- MANU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MANU is lagging the market slightly.
- In the last month MANU has a been trading in the 16.40 - 18.30 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Volume is considerably higher in the last couple of days.
MANU has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.68, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.95
We found 4 important support areas.
- A support zone ranging from 17.56 to 17.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.30 from a trend line in the weekly time frame.
- A support zone ranging from 15.68 to 15.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 15.10 to 15.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.90 to 18.20. 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 | UP | POSITIVE | The long term trend for MANU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MANU is up. |
| ChartMill Relative Strength | 77.86 | POSITIVE | MANU has a high relative strength, it outperformed 77.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MANU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MANU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MANU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.53 | NEUTRAL | The RSI value for MANU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MANU has a negative trend. |
| Stochastics (14,3) | 74.26 | NEUTRAL | The Stochastics value for MANU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for MANU suggests some volalility. |
| Average Directional Index/ADX (14) | 15.31 | NEGATIVE | The low ADX value for MANU suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.21 | 17.55 | 0.66 (3.62%) | 25.00% |
| An entry @18.21. This is a Buy Stop order right above the resistance zone. | An exit @17.55. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.66 points, which is 3.62%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%. |
- The distance between exit and entry is rather small compared to the average daily movement of MANU. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.72
-0.29 (-1.61%)
MANCHESTER UNITED PLC-CL A / MANU FAQ
Can you provide the ChartMill technical rating for MANCHESTER UNITED PLC-CL A?
ChartMill assigns a technical rating of 10 / 10 to MANU.
What is the trend direction for MANU stock?
The current trend direction for MANCHESTER UNITED PLC-CL A (MANU) is Bullish.
What is the RSI signal for MANCHESTER UNITED PLC-CL A (MANU) stock?
MANCHESTER UNITED PLC-CL A (MANU) has an RSI value of 54.5345. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MANCHESTER UNITED PLC-CL A?
The short term momentum for MANCHESTER UNITED PLC-CL A (MANU) is positive.
What are the support and resistance levels for MANCHESTER UNITED PLC-CL A (MANU) stock?
MANCHESTER UNITED PLC-CL A (MANU) has a support level at 17.68 and a resistance level at 17.9. Check the full technical report for our detailed analysis of MANU support and resistance levels.