MITQ Technical Analysis - MOVING IMAGE TECHNOLOGIES IN

Technical Rating and Analysis

Overall MITQ gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MITQ is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

MITQ is part of the Entertainment industry. There are 80 other stocks in this industry. MITQ outperforms 93% of them.

In the last month MITQ has a been trading in the 0.69 - 1.33 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, which is what you like to see during a strong movement up.

Looking at the yearly performance, MITQ did better than 96% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

MITQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MITQ is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MOVING IMAGE TECHNOLOGIES IN / MITQ Weekly stock chart

MOVING IMAGE TECHNOLOGIES IN / MITQ Daily stock chart

Setup Rating and Analysis

Although MITQ has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.51

1.21

When analyzing the support we can see 4 important areas.

A support zone ranging from 0.75 to 0.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @0.73 from a trend line in the daily time frame.
Support @0.55 from a horizontal line in the daily time frame.
Support @0.52 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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 MITQ is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MITQ is up.
ChartMill Relative Strength	96.73	POSITIVE	MITQ has a high relative strength, it outperformed 96.73% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MITQ is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MITQ is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MITQ is above the rising SMA(200).
Relative Strength Index/RSI (14)	89.07	OVERBOUGHT	The high RSI value suggests MITQ may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests MITQ has a positive trend.
Stochastics (14,3)	64.55	NEUTRAL	The Stochastics value for MITQ is a neutral value.
Average True Range in percent/ATR (20)	6.86	HIGH VOLATILITY	The high ATR as a percentage value for MITQ suggests high volalility.
Average Directional Index/ADX (14)	26.32	POSITIVE	The high ADX value value for MITQ suggests a strong trend.