Momenta Pharma (MNTA) Stock Technical Analysis
NASDAQ:MNTA - Nasdaq -
We assign a technical rating of 10 out of 10 to MNTA. Both in the recent history as in the last year, MNTA has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MNTA is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by MNTA over the past year are nicely spread over this period.
A new 52 week high is currently being made by MNTA, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so MNTA is leading the market.
MNTA has an average volume of 3976410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MNTA has a been trading in a tight range between 52.02 and 52.53.
MNTA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 52.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.38, a Stop Loss order could be placed below this zone.
More info and screens
29.88
53.03
3 important support areas can be observed.
- A support zone ranging from 52.07 to 52.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.58 from a trend line in the weekly time frame.
- Support @30.18 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 52.49 to 52.50. 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 MNTA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNTA is up. |
| ChartMill Relative Strength | 98.46 | POSITIVE | MNTA has a high relative strength, it outperformed 98.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MNTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MNTA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.87 | OVERBOUGHT | The high RSI value suggests MNTA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests MNTA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.3 | OVERBOUGHT | The high Stochastics value suggests MNTA may be overbought. |
| Average True Range in percent/ATR (20) | 0.23 | LOW VOLATILITY | The low ATR as a percentage value for MNTA suggests low volalility. |
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)
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 |
|---|---|---|---|
| 52.51 | 52.13 | 0.38 (0.72%) | 25.00% |
| An entry @52.51. This is a Buy Stop order right above the resistance zone. | An exit @52.13. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.38 points, which is 0.72%. | For a 0.18% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
52.48
-0.01 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.02%
1 Week0.36%
2 Weeks0.21%
1 Month0.63%
3 Month62.63%
6 Month116.95%
12 Month300.15%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.23%
ATR Inc-54.1%
Range Today0.07
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.46
Mansfield6.24
10 Day High52.53
10 Day Low52.14
20 Day High52.53
20 Day Low52.02
52 Week High52.53
52 Week Low12.58
CS1 End52.38
CR1 Start52.49
Volume & EV
DER(3)0.51%
DER(5)0.16%
Volume8.01M
Volume Incr-23.54%
Vol(5)2.96M
Vol(50)3.98M