MKDW Technical Analysis - MKD TECH INC

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to MKDW. MKDW 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

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 one of the lesser performing stocks in the Automobile Components industry. 95% of 81 stocks in the same industry do better.

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 0.20 - 0.24 range, which is quite wide. It is currently trading near the lows of this range.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, MKDW does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 0.21, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.19

0.22

We found 3 important support areas.

A support zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @0.20 from a trend line in the daily time frame.
A support zone ranging from 0.19 to 0.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 0.22 to 0.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	DOWN	NEGATIVE	The long term trend for MKDW is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for MKDW is neutral.
ChartMill Relative Strength	3.84	NEGATIVE	MKDW has a low relative strength, it was outperformed by 96.16% 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)	UP	POSITIVE	The current price of MKDW is above the rising 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)	45.9	NEUTRAL	The RSI value for MKDW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests MKDW has a negative trend.
Stochastics (14,3)	45.75	NEUTRAL	The Stochastics value for MKDW is a neutral value.
Average True Range in percent/ATR (20)	4.96	MEDIUM VOLATILITY	The ATR as a percentage value for MKDW suggests some volalility.
Average Directional Index/ADX (14)	13.95	NEGATIVE	The low ADX value for MKDW suggests a weak or negative trend.