MACH NATURAL RESOURCES LP (MNR) Technical Analysis
NYSE:MNR • US55445L1008
Current stock price
MNR Technical Rating and Analysis
Taking everything into account, MNR scores 3 out of 10 in our technical rating. MNR has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- MNR is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 77% of 209 stocks in the same industry do better.
- MNR is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, MNR outperforms 43% of them, which is more or less in line with the market.
- MNR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MNR is lagging the market.
MNR Weekly and Daily overview Charts
MNR Setup Rating and Analysis
MNR 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 12.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MNR 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.
More info and screens
MNR Support and Resistance Analysis
12.22
We found 2 important support areas.
- A support zone ranging from 12.56 to 12.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.34 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.27 to 14.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
MNR 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 | NEUTRAL | NEUTRAL | The long term trend for MNR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MNR is down. |
| ChartMill Relative Strength | 43.24 | NEUTRAL | MNR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MNR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MNR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MNR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.88 | NEUTRAL | The RSI value for MNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MNR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.19 | NEUTRAL | The Stochastics value for MNR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for MNR suggests some volalility. |
| Average Directional Index/ADX (14) | 23.31 | NEUTRAL | The ADX value for MNR suggests a possible start of a new trend. |
MNR Chart- and CandleStick Pattern Analysis
MNR Technicals: Chart, Performance Metrics, Trend & Indicators
12.9
+0.09 (+0.7%)
MACH NATURAL RESOURCES LP / MNR TA FAQ
What is the ChartMill technical rating of MACH NATURAL RESOURCES LP (MNR) stock?
ChartMill assigns a technical rating of 3 / 10 to MNR.
What is the current trend direction of MACH NATURAL RESOURCES LP (MNR) stock?
The current trend direction for MACH NATURAL RESOURCES LP (MNR) is Bearish.
Can you provide the RSI signal for MACH NATURAL RESOURCES LP?
MACH NATURAL RESOURCES LP (MNR) has an RSI value of 45.8762. This indicates that the stock is currently neutral.
What is the MACD signal for MNR stock?
The MACD indicator for MACH NATURAL RESOURCES LP (MNR) has a value of -0.0691232, indicating a bearish trend.