MIXED MARTIAL ARTS GROUP LTD (MMA) Stock Technical Analysis
NYSEARCA:MMA - NYSE Arca - AU0000319329 - Common Stock - Currency: USD
Taking everything into account, MMA scores 1 out of 10 in our technical rating. MMA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MMA is a bad performer in the overall market: 93% of all stocks are doing better.
MMA is part of the Diversified Consumer Services industry. There are 73 other stocks in this industry, of which 69% are performing better than MMA.
MMA is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MMA is lagging the market.
MMA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
MMA has an average volume of 1104180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MMA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MMA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.73
1.29
We found 1 important support area.
- A support zone ranging from 0.74 to 0.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.80 to 0.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.10 from a trend line in the daily time frame.
- Resistance @1.12 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.26 to 1.28. 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 | DOWN | NEGATIVE | The long term trend for MMA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MMA is neutral. |
| ChartMill Relative Strength | 7.28 | NEGATIVE | MMA has a low relative strength, it was outperformed by 92.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MMA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MMA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MMA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.05 | NEUTRAL | The RSI value for MMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.88 | NEUTRAL | The Stochastics value for MMA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.77 | HIGH VOLATILITY | The high ATR as a percentage value for MMA suggests high volalility. |
| Average Directional Index/ADX (14) | 51.02 | POSITIVE | The high ADX value value for MMA suggests a strong trend. |
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)
0.7851
+0.01 (+1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg1.67%
1 Week5.26%
2 Weeks-1.79%
1 Month-12.15%
3 Month-8.82%
6 Month-53.1%
12 Month-81.48%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%7.77%
ATR Inc43.29%
Range Today0.09
ADR(20)0.06
ADR(20)%7.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.28
Mansfield-5.9
10 Day High0.84
10 Day Low0.72
20 Day High0.9
20 Day Low0.72
52 Week High4.38
52 Week Low0.6
CS1 End0.75
CR1 Start0.8
Volume & EV
DER(3)30.56%
DER(5)9.6%
Volume53.60K
Volume Incr-11.08%
Vol(5)59.48K
Vol(50)1.10M