We assign a technical rating of 1 out of 10 to MITC. MITC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
MITC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 3.24, a Stop Loss order could be placed below this zone.
More info and screens
3.20
We found 1 important support area.
- A support zone ranging from 3.23 to 3.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 3.36 to 3.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.56 to 3.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.62 to 3.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.36 to 4.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.13 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 | DOWN | NEGATIVE | The long term trend for MITC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MITC is neutral. |
| ChartMill Relative Strength | 10.21 | NEGATIVE | MITC has a low relative strength, it was outperformed by 89.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MITC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MITC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MITC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.71 | NEUTRAL | The RSI value for MITC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MITC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 22.67 | NEUTRAL | The Stochastics value for MITC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for MITC suggests high volalility. |
NASDAQ:MITC (8/2/2022, 8:21:07 PM)
3.34
+0.03 (+0.91%)
MEAT-TECH 3D LTD - ADR / MITC FAQ
What is the ChartMill technical rating of MEAT-TECH 3D LTD - ADR (MITC) stock?
ChartMill assigns a technical rating of 1 / 10 to MITC.
What is the trend direction for MITC stock?
The current trend direction for MEAT-TECH 3D LTD - ADR (MITC) is Bearish.
What is the RSI signal for MEAT-TECH 3D LTD - ADR (MITC) stock?
MEAT-TECH 3D LTD - ADR (MITC) has an RSI value of 44.7081. This indicates that the stock is currently neutral.
What is the short term momentum for MEAT-TECH 3D LTD - ADR (MITC) stock?
The short term momentum for MEAT-TECH 3D LTD - ADR (MITC) is neutral.
Can you provide the support and resistance levels for MEAT-TECH 3D LTD - ADR?
MEAT-TECH 3D LTD - ADR (MITC) has a support level at 3.24 and a resistance level at 3.36. Check the full technical report for our detailed analysis of MITC support and resistance levels.