MEAT-TECH 3D LTD - ADR (MITC) Stock Technical Analysis
NASDAQ:MITC • US5834351026
3.34 USD
+0.03 (+0.91%)
Last: Aug 2, 2022, 08:21 PM
We assign a technical rating of 1 out of 10 to MITC. MITC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, MITC is a bad performer in the overall market: 90% of all stocks are doing better.
- MITC is part of the Food Products industry. There are 88 other stocks in this industry, of which 74% are performing better than MITC.
- MITC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MITC has a been trading in the 3.20 - 3.70 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, MITC does present a nice setup opportunity. 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
5.18
When analyzing the support we notice one important 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. |
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)
NASDAQ:MITC (8/2/2022, 8:21:07 PM)
3.34
+0.03 (+0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.91%
1 Week-4.02%
2 Weeks-1.76%
1 Month0.91%
3 Month-20.67%
6 Month-35.52%
12 Month-50.74%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%5.19%
ATR Inc83.55%
Range Today0.39
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.21
3 months CRSN/A
6 months CRSN/A
Mansfield-3.38
10 Day High3.7
10 Day Low3.25
20 Day High3.7
20 Day Low3.2
52 Week High9.87
52 Week Low3.2
CS1 End3.24
CR1 Start3.36
Volume & EV
DER(3)-15.57%
DER(5)-4.87%
Volume115.70K
Volume Incr95.42%
Vol(5)47.36K
Vol(50)32.14K
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 current trend direction of MEAT-TECH 3D LTD - ADR (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 MITC stock?
The short term momentum for MEAT-TECH 3D LTD - ADR (MITC) is neutral.