MFS MULTIMARKET INC TRUST (MMT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MMT - US5527371083
We assign a technical rating of 0 out of 10 to MMT. MMT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, MMT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.60, a Stop Loss order could be placed below this zone.
More info and screens
4.45
When analyzing the support we can see 2 important areas.
- Strong support @4.60 from a horizontal line in the daily time frame.
- Support @4.49 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.66 to 4.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.85 to 4.88. 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 | NEUTRAL | NEUTRAL | The long term trend for MMT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MMT is down. |
| ChartMill Relative Strength | 36.62 | NEUTRAL | MMT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MMT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MMT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MMT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.81 | NEUTRAL | The RSI value for MMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MMT has a negative trend. |
| Stochastics (14,3) | 42.86 | NEUTRAL | The Stochastics value for MMT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.92 | LOW VOLATILITY | The low ATR as a percentage value for MMT suggests low volalility. |
| Average Directional Index/ADX (14) | 16.82 | NEGATIVE | The low ADX value for MMT suggests a weak or negative trend. |
4.64
-0.01 (-0.22%)
MFS MULTIMARKET INC TRUST / MMT FAQ
Can you provide the ChartMill technical rating for MFS MULTIMARKET INC TRUST?
ChartMill assigns a technical rating of 0 / 10 to MMT.
What is the current trend direction of MFS MULTIMARKET INC TRUST (MMT) stock?
The current trend direction for MFS MULTIMARKET INC TRUST (MMT) is Bearish.
What is the RSI signal for MFS MULTIMARKET INC TRUST (MMT) stock?
MFS MULTIMARKET INC TRUST (MMT) has an RSI value of 40.8144. This indicates that the stock is currently neutral.
What is the short term momentum for MFS MULTIMARKET INC TRUST (MMT) stock?
The short term momentum for MFS MULTIMARKET INC TRUST (MMT) is negative.
What are the support and resistance levels for MFS MULTIMARKET INC TRUST (MMT) stock?
MFS MULTIMARKET INC TRUST (MMT) has a support level at 4.6 and a resistance level at 4.66. Check the full technical report for our detailed analysis of MMT support and resistance levels.