MFS MULTIMARKET INC TRUST (MMT) Stock Technical Analysis
NYSE:MMT - New York Stock Exchange, Inc. - US5527371083 - Currency: USD
Overall MMT gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MMT was also a bad performer in the overall market in the last year.
MMT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.62, 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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4.31
We found 2 important support areas.
- A support zone ranging from 4.57 to 4.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.35 to 4.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.69 to 4.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 4.84 to 4.89. 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 | NEUTRAL | NEUTRAL | The short term trend for MMT is neutral. |
| ChartMill Relative Strength | 36.87 | NEUTRAL | MMT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MMT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.42 | 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) | 58.41 | NEUTRAL | The Stochastics value for MMT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.91 | LOW VOLATILITY | The low ATR as a percentage value for MMT suggests low volalility. |
| Average Directional Index/ADX (14) | 19.07 | NEGATIVE | The low ADX value for MMT suggests a weak or negative trend. |
NYSE:MMT (6/25/2025, 8:04:00 PM)
4.63
+0.02 (+0.43%)