Overall MKTYP gets a technical rating of 5 out of 10. MKTYP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
MKTYP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 25.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.95, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.60
When analyzing the support we notice one important area.
- A support zone ranging from 24.85 to 24.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.01 to 25.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MKTYP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MKTYP is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MKTYP 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 MKTYP is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 56.67 | NEUTRAL | The RSI value for MKTYP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests MKTYP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.96 | NEUTRAL | The Stochastics value for MKTYP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.65 | LOW VOLATILITY | The low ATR as a percentage value for MKTYP suggests low volalility. |
Mechanical Technology Inc 9.0% Sr A
NASDAQ:MKTYP (11/3/2021, 4:30:01 PM)
25
+0.04 (+0.16%)
Mechanical Technology Inc 9.0% Sr A / MKTYP FAQ
What is the technical rating for MKTYP stock?
ChartMill assigns a technical rating of 5 / 10 to MKTYP.
What is the trend direction for MKTYP stock?
The current trend direction for Mechanical Technology Inc 9.0% Sr A (MKTYP) is Bullish.
What is the RSI signal for MKTYP stock?
Mechanical Technology Inc 9.0% Sr A (MKTYP) has an RSI value of 56.6711. This indicates that the stock is currently neutral.
What is the MACD signal for MKTYP stock?
The MACD indicator for Mechanical Technology Inc 9.0% Sr A (MKTYP) has a value of -0.215178, indicating a bearish trend.
What is the buy/sell signal for MKTYP stock?
The buy/sell signal for Mechanical Technology Inc 9.0% Sr A (MKTYP) is buy as both the short term and long term trends are positive.