MICT INC (MICT) Stock Technical Analysis
USA - NASDAQ:MICT - US55328R1095 - Common Stock
Taking everything into account, MICT scores 3 out of 10 in our technical rating. MICT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
MICT has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
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7 important support areas can be observed.
- Support @0.89 from a horizontal line in the daily time frame.
- Support @0.81 from a horizontal line in the weekly time frame.
- Support @0.77 from a trend line in the daily time frame.
- Support @0.75 from a trend line in the weekly time frame.
- Support @0.68 from a trend line in the weekly time frame.
- Support @0.66 from a trend line in the daily time frame.
- Support @0.61 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.97 to 0.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.08 from a trend line in the daily time frame.
- Resistance @1.11 from a trend line in the weekly time frame.
- Resistance @1.14 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for MICT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MICT is down. |
| ChartMill Relative Strength | 82.83 | POSITIVE | MICT has a high relative strength, it outperformed 82.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MICT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MICT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MICT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.08 | NEUTRAL | The RSI value for MICT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MICT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.53 | NEUTRAL | The Stochastics value for MICT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.19 | HIGH VOLATILITY | The high ATR as a percentage value for MICT suggests high volalility. |
| Average Directional Index/ADX (14) | 28.46 | POSITIVE | The high ADX value value for MICT suggests a strong trend. |
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+0.03 (+2.9%)
MICT INC / MICT FAQ
Can you provide the ChartMill technical rating for MICT INC?
ChartMill assigns a technical rating of 2 / 10 to MICT.
What is the current trend direction of MICT INC (MICT) stock?
The current trend direction for MICT INC (MICT) is Bearish.
Can you provide the RSI signal for MICT INC?
MICT INC (MICT) has an RSI value of 43.0818. This indicates that the stock is currently neutral.
What is the MACD signal for MICT INC (MICT) stock?
The MACD indicator for MICT INC (MICT) has a value of -0.0223042, indicating a bearish trend.
What is the support and resistance level for MICT stock?
MICT INC (MICT) has a support level at 0.89 and a resistance level at 0.97. Check the full technical report for our detailed analysis of MICT support and resistance levels.