MACH NATURAL RESOURCES LP (MNR) Stock Technical Analysis
NYSE:MNR - US55445L1008
14.23 USD
-0.04 (-0.28%)
14.1003 USD
-0.13 (-0.91%)
Taking everything into account, MNR scores 1 out of 10 in our technical rating. MNR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MNR is a bad performer in the overall market: 84% of all stocks are doing better.
MNR is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 76% are performing better than MNR.
MNR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MNR has a been trading in the 13.46 - 15.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MNR has a poor technical rating and the quality of the setup is also only medium 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
12.86
15.93
When analyzing the support we notice one important area.
- A support zone ranging from 12.99 to 13.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 14.27 to 14.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.08 from a trend line in the daily time frame.
- A resistance zone ranging from 15.36 to 15.77. 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 | DOWN | NEGATIVE | The long term trend for MNR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MNR is neutral. |
| ChartMill Relative Strength | 16.32 | NEGATIVE | MNR has a low relative strength, it was outperformed by 83.68% off all stocks 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) | DOWN | NEGATIVE | The current price of MNR is below a declining 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) | 48.04 | NEUTRAL | The RSI value for MNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MNR has a positive trend. |
| Stochastics (14,3) | 65.52 | NEUTRAL | The Stochastics value for MNR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for MNR suggests some volalility. |
| Average Directional Index/ADX (14) | 25.15 | POSITIVE | The high ADX value value for MNR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
14.23
-0.04 (-0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.28%
1 Week3.34%
2 Weeks-1.04%
1 Month-3.13%
3 Month6.83%
6 Month-4.18%
12 Month-26.35%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%2.4%
ATR Inc-12.62%
Range Today0.3
ADR(20)0.31
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.32
Mansfield-1.52
10 Day High14.4
10 Day Low13.46
20 Day High15.15
20 Day Low13.46
52 Week High19.28
52 Week Low12.4
CS1 End13.14
CR1 Start14.27
Volume & EV
DER(3)4.22%
DER(5)4.31%
Volume285.20K
Volume Incr-35.33%
Vol(5)204.58K
Vol(50)317.86K