The Meet Group (MEET) Technical Analysis
NASDAQ:MEET
Current stock price
MEET Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to MEET. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MEET is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MEET is one of the better performing stocks in the market, outperforming 91% of all stocks.
- MEET 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 MEET is lagging the market slightly.
- In the last month MEET has a been trading in a tight range between 6.18 and 6.33.
- Volume is considerably higher in the last couple of days.
MEET Weekly and Daily overview Charts
MEET Setup Rating and Analysis
Besides having an excellent technical rating, MEET 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. There is a support zone below the current price at 6.29, 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
MEET Support and Resistance Analysis
4.87
We found 2 important support areas.
- A support zone ranging from 6.15 to 6.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.92 from a horizontal line in the daily time frame.
MEET 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 | UP | POSITIVE | The long term trend for MEET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEET is up. |
| ChartMill Relative Strength | 91.81 | POSITIVE | MEET has a high relative strength, it outperformed 91.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MEET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.49 | NEUTRAL | The RSI value for MEET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MEET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.22 | NEUTRAL | The Stochastics value for MEET is a neutral value. |
| Average True Range in percent/ATR (20) | 0.61 | LOW VOLATILITY | The low ATR as a percentage value for MEET suggests low volalility. |
MEET Chart- and CandleStick Pattern Analysis
MEET Example Setup
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 |
|---|---|---|---|
| 6.34 | 6.21 | 0.13 (2.05%) | 25.00% |
| An entry @6.34. This is a Buy Stop order right above the 10 day high. | An exit @6.21. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.13 points, which is 2.05%. | For a 0.51% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
MEET Technicals: Chart, Performance Metrics, Trend & Indicators
6.29
-0.01 (-0.16%)
The Meet Group / MEET TA FAQ
Can you provide the ChartMill technical rating for The Meet Group?
ChartMill assigns a technical rating of 8 / 10 to MEET.
What is the current trend direction of The Meet Group (MEET) stock?
The current trend direction for The Meet Group (MEET) is Bullish.
What is the RSI signal for MEET stock?
The Meet Group (MEET) has an RSI value of 60.4858. This indicates that the stock is currently neutral.
Can you provide the MACD signal for The Meet Group?
The MACD indicator for The Meet Group (MEET) has a value of 0.00667627, indicating a bearish trend.
Can you provide the short term momentum for The Meet Group?
The short term momentum for The Meet Group (MEET) is positive.