We assign a technical rating of 0 out of 10 to MKDW. MKDW'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, MKDW is a bad performer in the overall market: 97% of all stocks are doing better.
- MKDW is part of the Automobile Components industry. There are 42 other stocks in this industry, of which 87% are performing better than MKDW.
- MKDW 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 MKDW has a been trading in the 2.80 - 6.47 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- MKDW has an average volume of 2717190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
The technical rating of MKDW is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.09
We can see 4 important resistance areas.
- Resistance @4.86 from a trend line in the daily time frame.
- Resistance @5.61 from a trend line in the daily time frame.
- Resistance @6.42 from a horizontal line in the daily time frame.
- Resistance @6.67 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 MKDW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MKDW is down. |
| ChartMill Relative Strength | 3.03 | NEGATIVE | MKDW has a low relative strength, it was outperformed by 96.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MKDW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MKDW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MKDW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.25 | OVERSOLD | The low RSI value suggests MKDW may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests MKDW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.01 | OVERSOLD | The low Stochastics value suggests MKDW may be oversold. |
| Average True Range in percent/ATR (20) | 17.94 | HIGH VOLATILITY | The high ATR as a percentage value for MKDW suggests high volalility. |
| Average Directional Index/ADX (14) | 31.07 | POSITIVE | The high ADX value value for MKDW suggests a strong trend. |
3.12
+0.25 (+8.71%)
MKD TECH INC / MKDW FAQ
Can you provide the ChartMill technical rating for MKD TECH INC?
ChartMill assigns a technical rating of 0 / 10 to MKDW.
What is the trend direction for MKDW stock?
The current trend direction for MKD TECH INC (MKDW) is Bearish.
What is the RSI signal for MKDW stock?
MKD TECH INC (MKDW) has an RSI value of 26.2451. This indicates that the stock is currently oversold.
What is the short term momentum for MKDW stock?
The short term momentum for MKD TECH INC (MKDW) is negative.
Can you provide the support and resistance levels for MKD TECH INC?
MKD TECH INC (MKDW) has a resistance level at 4.86. Check the full technical report for our detailed analysis of MKDW support and resistance levels.