MCCLATCHY CO (MNI) Technical Analysis
NYSE:MNI
Current stock price
MNI Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to MNI. In the past year, MNI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, MNI is a bad performer in the overall market: 86% of all stocks are doing better.
- MNI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MNI has a been trading in the 0.42 - 2.59 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
MNI Weekly and Daily overview Charts
MNI Setup Rating and Analysis
The technical rating of MNI is bad and it also does not present a quality setup 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.
More info and screens
MNI Support and Resistance Analysis
0.45
3 important support areas can be observed.
- Support @0.66 from a horizontal line in the daily time frame.
- Support @0.48 from a trend line in the daily time frame.
- Support @0.45 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.76 to 0.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.98 from a trend line in the daily time frame.
MNI Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for MNI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MNI is neutral. |
| ChartMill Relative Strength | 14.19 | NEGATIVE | MNI has a low relative strength, it was outperformed by 85.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MNI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MNI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.47 | NEUTRAL | The RSI value for MNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MNI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.53 | OVERSOLD | The low Stochastics value suggests MNI may be oversold. |
| Average True Range in percent/ATR (20) | 30.4 | HIGH VOLATILITY | The high ATR as a percentage value for MNI suggests high volalility. |
MNI Chart- and CandleStick Pattern Analysis
MNI Technicals: Chart, Performance Metrics, Trend & Indicators
0.7498
+0.06 (+9.43%)
MCCLATCHY CO / MNI TA FAQ
What is the ChartMill technical rating of MCCLATCHY CO (MNI) stock?
ChartMill assigns a technical rating of 2 / 10 to MNI.
What is the trend direction for MNI stock?
The current trend direction for MCCLATCHY CO (MNI) is Bearish.
What is the RSI signal for MCCLATCHY CO (MNI) stock?
MCCLATCHY CO (MNI) has an RSI value of 50.4693. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MCCLATCHY CO?
The short term momentum for MCCLATCHY CO (MNI) is neutral.