MOVING IMAGE TECHNOLOGIES IN (MITQ) Stock Technical Analysis
NYSEARCA:MITQ - NYSE Arca - US62464R1095 - Common Stock - Currency: USD
Overall MITQ gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
MITQ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
MITQ has an average volume of 3951250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that MITQ is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
MITQ is part of the Entertainment industry. There are 74 other stocks in this industry, MITQ did better than 68% of them.
In the last month MITQ has a been trading in the 0.62 - 0.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, MITQ also presents a decent setup pattern. 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 0.74. Right above this resistance zone may be a good entry point.
More info and screens
0.51
0.91
We found 6 important support areas.
- A support zone ranging from 0.72 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.69 to 0.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.57 to 0.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.55 from a horizontal line in the daily time frame.
- Support @0.54 from a trend line in the weekly time frame.
- Support @0.52 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.74 to 0.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.80 from a horizontal line in the daily time frame.
- Resistance @0.82 from a trend line in the weekly time frame.
- Resistance @0.90 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 | UP | POSITIVE | The long term trend for MITQ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MITQ is neutral. |
| ChartMill Relative Strength | 80.09 | POSITIVE | MITQ has a high relative strength, it outperformed 80.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MITQ is below a declining 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) | 52.8 | NEUTRAL | The RSI value for MITQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MITQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.12 | NEUTRAL | The Stochastics value for MITQ is a neutral value. |
| Average True Range in percent/ATR (20) | 6.97 | HIGH VOLATILITY | The high ATR as a percentage value for MITQ suggests high volalility. |
| Average Directional Index/ADX (14) | 26.15 | POSITIVE | The high ADX value value for MITQ suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.77 | 0.71 | 0.06 (7.79%) | 12.83% |
| An entry @0.77. This is a Buy Stop order right above the resistance zone. | An exit @0.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.06 points, which is 7.79%. | When investing 12.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MITQ. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
0.733
+0.02 (+3.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg3.22%
1 Week0.12%
2 Weeks-0.07%
1 Month-4.31%
3 Month23.61%
6 Month24.24%
12 Month12.8%
2 Year-25.96%
3 Year-52.71%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%6.97%
ATR Inc-6.84%
Range Today0.05
ADR(20)0.05
ADR(20)%6.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.09
Mansfield0.43
10 Day High0.75
10 Day Low0.62
20 Day High0.8
20 Day Low0.62
52 Week High1.55
52 Week Low0.5
CS1 End0.73
CR1 Start0.74
Volume & EV
DER(3)-2.67%
DER(5)-0.21%
Volume52.10K
Volume Incr-0.11%
Vol(5)62.16K
Vol(50)3.95M