M6-METROPOLE TELEVISION (MMT.PA)       14.27  +0.21 (+1.49%)

14.27  +0.21 (+1.49%)

FR0000053225 - Common Stock

Technical Rating

7

Overall MMT gets a technical rating of 7 out of 10. MMT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.



Both the short term and long term trends are positive. This is a very positive sign.
In the last month MMT has a been trading in the 11.12 - 14.53 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, MMT turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
MMT is part of the Media industry. There are 21 other stocks in this industry, MMT did better than 61% of them.
MMT is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 28.44% 9.77% -7.94% -16.74% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 61.76 9.965 - 19.44
MMT Weekly chart
MMT Daily chart

Support/Resistance Analysis


14.13

19.47
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 14.27 to 14.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @19.28 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

6

Although MMT has an excellent technical rating, the quality of the presented setup is not ideal 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.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
14.4512.751.70 (11.76%)8.50%
An entry @14.45. This is a Buy Stop order right above the resistance zone.An exit @12.75. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 1.70 points, which is 11.76%.For a 1.00% total portfolio risk, you can invest 8.50% of your capital in this trade.

  • 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.
MMT Daily chart

M6-METROPOLE TELEVISION14.27

EPA:MMT (12/8/2022, 5:29:25 PM)+0.21 (+1.49%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Communication Services
GICS Industry Media
Performance
Today 1.49% 1 Week 3.48%
2 Weeks 9.77% 1 Month 28.44%
3 Month 9.77% 6 Month -7.94%
Volatility
ATR(14) 0.5 ATR(20)% 3.3%
ATR Inc 1.44% Range Today 0.72
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 61.76 Mansfield -0.02
10 Day High 14.53 10 Day Low 12.76
20 Day High 14.53 20 Day Low 11.12
52 Week High 19.44 52 Week Low 9.97
CS1 End N/A CR1 Start 14.27
Volume & EV
DER(3) 9% DER(5) 7.6%
Volume 73.58K Volume Incr -15.02%
Vol(5) 184.15K Vol(50) 227.16K

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