META MATERIALS INC (MMAT) Technical Analysis
NASDAQ:MMAT • US59134N3026
Current stock price
MMAT Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MMAT. MMAT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than MMAT.
- MMAT is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 98% of 115 stocks in the same industry do better.
- MMAT is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so MMAT is lagging the market.
- In the last month MMAT has a been trading in the 0.50 - 2.66 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
MMAT Weekly and Daily overview Charts
MMAT Setup Rating and Analysis
The technical rating of MMAT is bad and it also does not present a 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
MMAT Support and Resistance Analysis
MMAT 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 | DOWN | NEGATIVE | The long term trend for MMAT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MMAT is down. |
| ChartMill Relative Strength | 0.28 | NEGATIVE | MMAT has a low relative strength, it was outperformed by 99.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MMAT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MMAT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MMAT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 18.37 | OVERSOLD | The low RSI value suggests MMAT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests MMAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.71 | OVERSOLD | The low Stochastics value suggests MMAT may be oversold. |
| Average True Range in percent/ATR (20) | 45.74 | HIGH VOLATILITY | The high ATR as a percentage value for MMAT suggests high volalility. |
| Average Directional Index/ADX (14) | 41.58 | POSITIVE | The high ADX value value for MMAT suggests a strong trend. |
MMAT Chart- and CandleStick Pattern Analysis
MMAT Technicals: Chart, Performance Metrics, Trend & Indicators
0.5258
-0.11 (-17.84%)
META MATERIALS INC / MMAT TA FAQ
What is the technical rating for MMAT stock?
ChartMill assigns a technical rating of 0 / 10 to MMAT.
What is the current trend direction of META MATERIALS INC (MMAT) stock?
The current trend direction for META MATERIALS INC (MMAT) is Bearish.
What is the RSI signal for META MATERIALS INC (MMAT) stock?
META MATERIALS INC (MMAT) has an RSI value of 18.3743. This indicates that the stock is currently oversold.
What is the short term momentum for MMAT stock?
The short term momentum for META MATERIALS INC (MMAT) is negative.
What is the buy/sell signal for META MATERIALS INC (MMAT) stock?
The buy/sell signal for META MATERIALS INC (MMAT) is sell as both the short term and long term trends are negative.