MKT Technical Analysis - DEEPMARKIT CORP

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to MKT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MKT is only an average performer.

MKT 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 long and short term trends are both positive. This is looking good!

MKT is one of the better performing stocks in the Software industry, it outperforms 71% of 64 stocks in the same industry.

When comparing the yearly performance of all stocks, we notice that MKT is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

In the last month MKT has a been trading in the 0.06 - 0.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DEEPMARKIT CORP / MKT Weekly stock chart

Setup Rating and Analysis

MKT has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.04

0.09

3 important support areas can be observed.

A support zone ranging from 0.07 to 0.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.04 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 0.08 to 0.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines 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	UP	POSITIVE	The long term trend for MKT.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MKT.CA is up.
ChartMill Relative Strength	72.33	POSITIVE	MKT.CA has a high relative strength, it outperformed 72.33% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of MKT.CA is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MKT.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MKT.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	51.28	NEUTRAL	The RSI value for MKT.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests MKT.CA has a negative trend.
Stochastics (14,3)	52.38	NEUTRAL	The Stochastics value for MKT.CA is a neutral value.
Average True Range in percent/ATR (20)	11.33	HIGH VOLATILITY	The high ATR as a percentage value for MKT.CA suggests high volalility.
Average Directional Index/ADX (14)	31.11	POSITIVE	The high ADX value value for MKT.CA suggests a strong trend.