ADVSHRS NEWFLEET MULTSEC INC (MINC) Stock Technical Analysis
NYSEARCA:MINC - NYSE Arca - US00768Y7278 - ETF - Currency: USD
Overall MINC gets a technical rating of 1 out of 10. MINC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, MINC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 44.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.70, a Stop Loss order could be placed below this zone.
More info and screens
43.80
We found 1 important support area.
- A support zone ranging from 44.24 to 44.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.81 to 45.90. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for MINC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MINC is down. |
| ChartMill Relative Strength | 49.17 | NEUTRAL | MINC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MINC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MINC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MINC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.17 | NEUTRAL | The RSI value for MINC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MINC has a positive trend. |
| Stochastics (14,3) | 69.53 | NEUTRAL | The Stochastics value for MINC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for MINC suggests low volalility. |
| Average Directional Index/ADX (14) | 24.82 | NEUTRAL | The ADX value for MINC suggests a possible start of a new trend. |
NYSEARCA:MINC (9/22/2023, 8:12:51 PM)
44.71
+0.01 (+0.01%)