MANCHESTER UNITED PLC-CL A (MANU) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:MANU • KYG5784H1065
Taking everything into account, MANU scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MANU is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- MANU is part of the Entertainment industry. There are 80 other stocks in this industry. MANU outperforms 78% 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 16.34 - 17.99 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, MANU turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
Besides having an excellent technical rating, MANU also presents 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 a resistance zone just above the current price starting at 17.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MANU in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
When analyzing the support we can see 4 important areas.
- A support zone ranging from 17.09 to 17.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.07 from a trend line in the weekly time frame.
- A support zone ranging from 15.68 to 15.72. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 17.69 to 17.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 18.20 to 18.24. 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 | 68.21 | NEUTRAL | MANU is not amongst the best or worst performers 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) | 57.76 | 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) | 75.71 | NEUTRAL | The Stochastics value for MANU is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for MANU suggests some volalility. |
| Average Directional Index/ADX (14) | 23.9 | NEUTRAL | The ADX value for MANU suggests a possible start of a new 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 |
|---|---|---|---|
| 17.91 | 17.08 | 0.83 (4.63%) | 21.58% |
| An entry @17.91. This is a Buy Stop order right above the resistance zone. | An exit @17.08. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.83 points, which is 4.63%. | When investing 21.58% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
17.53
-0.25 (-1.41%)
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 8 / 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 57.7593. 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 17.53 and a resistance level at 17.69. Check the full technical report for our detailed analysis of MANU support and resistance levels.