MAMAMANCINI'S HOLDINGS INC (MMMB) Stock Technical Analysis
NASDAQ:MMMB - Nasdaq - US56146T1034 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to MMMB. Both in the recent history as in the last year, MMMB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MMMB is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, MMMB also shows a nice and consistent pattern of rising prices.
MMMB is part of the Food Products industry. There are 91 other stocks in this industry. MMMB outperforms 98% of them.
MMMB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MMMB has a been trading in the 3.09 - 3.97 range, which is quite wide. It is currently trading near the high of this range.
MMMB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 3.68, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MMMB 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
1.55
3.79
5 important support areas can be observed.
- A support zone ranging from 3.61 to 3.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.46 from a horizontal line in the daily time frame.
- Support @3.08 from a trend line in the daily time frame.
- Support @2.33 from a trend line in the weekly time frame.
- Support @1.57 from a horizontal line in the weekly time frame.
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 MMMB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MMMB is up. |
| ChartMill Relative Strength | 98.88 | POSITIVE | MMMB has a high relative strength, it outperformed 98.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MMMB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MMMB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MMMB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.57 | NEUTRAL | The RSI value for MMMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MMMB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.18 | NEUTRAL | The Stochastics value for MMMB is a neutral value. |
| Average True Range in percent/ATR (20) | 7 | HIGH VOLATILITY | The high ATR as a percentage value for MMMB suggests high volalility. |
| Average Directional Index/ADX (14) | 24.5 | NEUTRAL | The ADX value for MMMB suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 3.86 | 3.60 | 0.26 (6.74%) | 14.85% |
| An entry @3.86. This is a Buy Stop order right above the 10 day high. | An exit @3.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.26 points, which is 6.74%. | For a 1.00% total portfolio risk, you can invest 14.85% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MMMB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:MMMB (8/1/2023, 8:07:16 PM)
3.75
+0.04 (+1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg1.08%
1 Week4.75%
2 Weeks0.81%
1 Month16.46%
3 Month49.7%
6 Month86.57%
12 Month159.35%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%7%
ATR Inc4.29%
Range Today0.2
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.88
Mansfield7.5
10 Day High3.85
10 Day Low3.38
20 Day High3.97
20 Day Low3.09
52 Week High3.97
52 Week Low0.93
CS1 End3.68
CR1 StartN/A
Volume & EV
DER(3)10.22%
DER(5)1.33%
Volume190.30K
Volume Incr-28.57%
Vol(5)224.28K
Vol(50)250.28K