NYSE:MM - New York Stock Exchange, Inc. -
Overall MM gets a technical rating of 6 out of 10. Although MM is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, MM does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.75, a Stop Loss order could be placed below this zone.
1.21
We found 2 important support areas.
We found 1 important resistance area.
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 MM is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MM is up. |
ChartMill Relative Strength | 30.65 | NEUTRAL | MM is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MM is above a declining SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MM is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MM is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 60.63 | NEUTRAL | The RSI value for MM is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MM has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for MM is a neutral value. |
Average True Range in percent/ATR (20) | 0.66 | LOW VOLATILITY | The low ATR as a percentage value for MM suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
1.77 | 1.73 | 0.04 (2.26%) | 25.00% |
An entry @1.77. This is a Buy Stop order right above the 10 day high. | An exit @1.73. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.04 points, which is 2.26%. | For a 0.56% total portfolio risk, you can invest 25.00% of your capital in this trade. |
NYSE:MM (10/22/2015, 8:14:19 PM)
1.75
0 (0%)