Mechanical Technolgy (MKTY) Technical Analysis
NASDAQ:MKTY
Current stock price
MKTY Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to MKTY. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MKTY is a bad performer.
- When comparing the yearly performance of all stocks, MKTY is a bad performer in the overall market: 100% of all stocks are doing better.
- MKTY is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 93% of 124 stocks in the same industry do better.
- 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.
MKTY Weekly and Daily overview Charts
MKTY Setup Rating and Analysis
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
MKTY Support and Resistance Analysis
6.77
5 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important area.
- Resistance @12.99 from a horizontal line in the daily time frame.
MKTY 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 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. |
MKTY Chart- and CandleStick Pattern Analysis
MKTY Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MKTY (11/3/2021, 8:02:01 PM)
12.66
-0.18 (-1.4%)
Mechanical Technolgy / MKTY TA FAQ
Can you provide the ChartMill technical rating for Mechanical Technolgy?
ChartMill assigns a technical rating of 7 / 10 to MKTY.
What is the trend direction for MKTY stock?
The current trend direction for Mechanical Technolgy (MKTY) is Bullish.
What is the RSI signal for MKTY stock?
Mechanical Technolgy (MKTY) has an RSI value of 65.2096. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for Mechanical Technolgy?
The buy/sell signal for Mechanical Technolgy (MKTY) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for Mechanical Technolgy?
Mechanical Technolgy (MKTY) has a support level at 11.35 and a resistance level at 12.99. Check the full technical report for our detailed analysis of MKTY support and resistance levels.