Taking everything into account, MNA scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MNA is only an average performer.
Although the technical rating is only medium, MNA does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
30.45
3 important support areas can be observed.
- 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 35.91 to 36.19. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for MNA is neutral. |
| ChartMill Relative Strength | 57.17 | NEUTRAL | MNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MNA is below 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) | 50.1 | NEUTRAL | The RSI value for MNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MNA has a negative trend. |
| Stochastics (14,3) | 42.76 | NEUTRAL | The Stochastics value for MNA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.35 | LOW VOLATILITY | The low ATR as a percentage value for MNA suggests low volalility. |
| Average Directional Index/ADX (14) | 33.5 | 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 |
|---|---|---|---|
| 35.96 | 35.83 | 0.13 (0.36%) | 25.00% |
| An entry @35.96. This is a Buy Stop order right above the 10 day moving average. | An exit @35.83. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.13 points, which is 0.36%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.09%. |
- The distance between exit and entry is rather small compared to the average daily movement of MNA. Please evaluate whether better entry and exit points can be found.
- 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.
35.89
-0.07 (-0.19%)
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 6 / 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 50.1029. 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 neutral.