We assign a technical rating of 7 out of 10 to MNA. Although MNA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although MNA 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.
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30.45
When analyzing the support we can see 4 important areas.
- A support zone ranging from 35.79 to 36.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @35.11 from a horizontal line in the daily time frame.
- Support @34.31 from a horizontal line in the daily time frame.
- A support zone ranging from 30.76 to 30.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 36.09 to 36.09. 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 | UP | POSITIVE | The long term trend for MNA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNA is up. |
| ChartMill Relative Strength | 60.18 | NEUTRAL | MNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.29 | NEUTRAL | The RSI value for MNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MNA has a positive trend. |
| Stochastics (14,3) | 87.67 | OVERBOUGHT | The high Stochastics value suggests MNA may be overbought. |
| Average True Range in percent/ATR (20) | 0.38 | LOW VOLATILITY | The low ATR as a percentage value for MNA suggests low volalility. |
| Average Directional Index/ADX (14) | 34.38 | POSITIVE | The high ADX value value for MNA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 36.10 | 35.63 | 0.47 (1.30%) | 25.00% |
| An entry @36.10. This is a Buy Stop order right above the resistance zone. | An exit @35.63. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.47 points, which is 1.30%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.33%. |
- 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.
36.08
+0.13 (+0.36%)
NYLI MERGER ARBITRAG ETF-USD / MNA FAQ
What is the ChartMill technical rating of NYLI MERGER ARBITRAG ETF-USD (MNA) stock?
ChartMill assigns a technical rating of 7 / 10 to MNA.
What is the trend direction for MNA stock?
The current trend direction for NYLI MERGER ARBITRAG ETF-USD (MNA) is Bullish.
Can you provide the RSI signal for NYLI MERGER ARBITRAG ETF-USD?
NYLI MERGER ARBITRAG ETF-USD (MNA) has an RSI value of 65.2873. This indicates that the stock is currently neutral.
What is the short term momentum for MNA stock?
The short term momentum for NYLI MERGER ARBITRAG ETF-USD (MNA) is positive.
Can you provide the buy/sell signal for NYLI MERGER ARBITRAG ETF-USD?
The buy/sell signal for NYLI MERGER ARBITRAG ETF-USD (MNA) is buy as both the short term and long term trends are positive.