Mechanical Technolgy (MKTY) Stock Technical Analysis
NASDAQ:MKTY - Nasdaq -
We assign a technical rating of 7 out of 10 to MKTY. Although MKTY is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
100% of all other stocks performed better in the past year than MKTY.
MKTY is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 96% are performing better than MKTY.
The long and short term trends are both positive. This is looking good!
In the last month MKTY has a been trading in the 9.04 - 13.48 range, which is quite wide. It is currently trading near the high of this range.
MKTY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MKTY is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although MKTY has an excellent technical rating, it does not offer a high 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
6.77
13.12
When analyzing the support we can see 5 important areas.
- A support zone ranging from 11.33 to 11.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.00 from a trend line in the daily time frame.
- Support @8.00 from a horizontal line in the daily time frame.
- Support @7.02 from a horizontal line in the daily time frame.
- Support @6.84 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @12.99 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 | UP | POSITIVE | The long term trend for MKTY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MKTY is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MKTY has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MKTY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MKTY is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 65.21 | NEUTRAL | The RSI value for MKTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MKTY has a positive trend. |
| Stochastics (14,3) | 72.63 | NEUTRAL | The Stochastics value for MKTY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.76 | HIGH VOLATILITY | The high ATR as a percentage value for MKTY suggests high volalility. |
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)
NASDAQ:MKTY (11/3/2021, 8:02:01 PM)
12.66
-0.18 (-1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.4%
1 Week18.54%
2 Weeks-2.47%
1 Month35.98%
3 Month66.58%
6 Month62.1%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%6.76%
ATR Inc-24.49%
Range Today0.56
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High13.26
10 Day Low10.51
20 Day High13.48
20 Day Low9.04
52 Week High18.9
52 Week Low6.28
CS1 End11.35
CR1 Start12.99
Volume & EV
DER(3)2.75%
DER(5)2.04%
Volume87.50K
Volume Incr-42.01%
Vol(5)139.94K
Vol(50)229.33K