MFS MULTIMARKET INC TRUST (MMT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MMT - US5527371083
We assign a technical rating of 1 out of 10 to MMT. MMT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MMT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 4.67, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MMT 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.
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4.45
2 important support areas can be observed.
- A support zone ranging from 4.60 to 4.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.49 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.67 to 4.73. 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 | 41.67 | 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) | DOWN | MIXED | The current price of MMT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.86 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 26.88 | NEUTRAL | The Stochastics value for MMT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for MMT suggests low volalility. |
| Average Directional Index/ADX (14) | 24.64 | NEUTRAL | The ADX value for MMT suggests a possible start of a new trend. |
4.67
+0.03 (+0.65%)
MFS MULTIMARKET INC TRUST / MMT FAQ
Can you provide the ChartMill technical rating for MFS MULTIMARKET INC TRUST?
ChartMill assigns a technical rating of 1 / 10 to MMT.
Can you provide the trend direction for MFS MULTIMARKET INC TRUST?
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 46.8576. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MFS MULTIMARKET INC TRUST?
The MACD indicator for MFS MULTIMARKET INC TRUST (MMT) has a value of -0.00226988, indicating a bearish trend.