MMT Technical Analysis - M6-METROPOLE TELEVISION

Technical Rating and Analysis

Taking everything into account, MMT scores 1 out of 10 in our technical rating. MMT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

61% of all other stocks performed better in the past year than MMT.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

MMT is an average performer in the Media industry, it outperforms 63% of 64 stocks in the same industry.

MMT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MMT is lagging the market.

In the last month MMT has a been trading in a tight range between 12.78 and 13.40.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

M6-METROPOLE TELEVISION / MMT Weekly stock chart

M6-METROPOLE TELEVISION / MMT Daily stock chart

Setup Rating and Analysis

MMT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 12.88, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

12.01

14.65

When analyzing the support we can see 2 important areas.

A support zone ranging from 12.58 to 12.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 12.13 to 12.17. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 12.99 to 13.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 14.13 to 14.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @14.50 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The long term trend for MMT.PA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MMT.PA is down.
ChartMill Relative Strength	39.04	NEUTRAL	MMT.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MMT.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MMT.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MMT.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	47.09	NEUTRAL	The RSI value for MMT.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests MMT.PA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	20.43	NEUTRAL	The Stochastics value for MMT.PA is a neutral value.
Average True Range in percent/ATR (20)	1.96	LOW VOLATILITY	The low ATR as a percentage value for MMT.PA suggests low volalility.
Average Directional Index/ADX (14)	10.28	NEGATIVE	The low ADX value for MMT.PA suggests a weak or negative trend.