MILL CITY VENTURES III LTD (MCVT) Stock Technical Analysis
USA - NASDAQ:MCVT - US59982U2006 - Common Stock
6.11 USD
-0.32 (-4.98%)
6.39 USD
+0.28 (+4.58%)
Overall MCVT gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MCVT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
MCVT is part of the Financial Services industry. There are 101 other stocks in this industry. MCVT outperforms 99% of them.
MCVT has an average volume of 3371780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MCVT did better than 98% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
MCVT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MCVT is lagging the market.
In the last month MCVT has a been trading in the 4.30 - 8.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MCVT 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 very little resistance above the current price. We notice that large players showed an interest for MCVT 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.
More info and screens
5.62
6.17
2 important support areas can be observed.
- Support @5.95 from a trend line in the daily time frame.
- Support @5.68 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for MCVT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCVT is up. |
| ChartMill Relative Strength | 98.36 | POSITIVE | MCVT has a high relative strength, it outperformed 98.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MCVT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCVT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCVT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.84 | NEUTRAL | The RSI value for MCVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests MCVT has a negative trend. |
| Stochastics (14,3) | 36.75 | NEUTRAL | The Stochastics value for MCVT is a neutral value. |
| Average True Range in percent/ATR (20) | 16.81 | HIGH VOLATILITY | The high ATR as a percentage value for MCVT suggests high volalility. |
| Average Directional Index/ADX (14) | 45.11 | POSITIVE | The high ADX value value for MCVT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 6.59 | 5.94 | 0.65 (9.88%) | 10.12% |
| An entry @6.59. This is a Buy Stop order right above the 10 day moving average. | An exit @5.94. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.65 points, which is 9.88%. | For a 1.00% total portfolio risk, you can invest 10.12% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MCVT. 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.
6.11
-0.32 (-4.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-4.98%
1 Week-11.06%
2 Weeks7.38%
1 Month2.86%
3 Month239.44%
6 Month210.15%
12 Month109.97%
2 Year160%
3 Year85.15%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.92
ATR(20)%16.81%
ATR Inc-25.67%
Range Today0.55
ADR(20)1.03
ADR(20)%16.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.36
Mansfield12.49
10 Day High8.66
10 Day Low5.59
20 Day High8.66
20 Day Low4.3
52 Week High8.66
52 Week Low1.13
CS1 End5.95
CR1 StartN/A
Volume & EV
DER(3)3.33%
DER(5)-0.25%
Volume610.00K
Volume Incr-92.98%
Vol(5)579.72K
Vol(50)3.37M