MONTAUK RENEWABLES INC (MNTK) Stock Technical Analysis
USA - NASDAQ:MNTK - US61218C1036 - Common Stock
Taking everything into account, MNTK scores 0 out of 10 in our technical rating. MNTK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
MNTK 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.
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1.75
When analyzing the support we notice one important area.
- Support @1.77 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 2.07 to 2.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.13 from a trend line in the daily time frame.
- A resistance zone ranging from 2.37 to 2.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.49 from a horizontal line in the daily time frame.
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 MNTK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MNTK is neutral. |
| ChartMill Relative Strength | 10.2 | NEGATIVE | MNTK has a low relative strength, it was outperformed by 89.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MNTK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MNTK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MNTK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.31 | NEUTRAL | The RSI value for MNTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MNTK has a positive trend. |
| Stochastics (14,3) | 55.82 | NEUTRAL | The Stochastics value for MNTK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.68 | HIGH VOLATILITY | The high ATR as a percentage value for MNTK suggests high volalility. |
| Average Directional Index/ADX (14) | 20.77 | NEUTRAL | The ADX value for MNTK suggests a possible start of a new trend. |
1.92
-0.05 (-2.54%)
MONTAUK RENEWABLES INC / MNTK FAQ
What is the ChartMill technical rating of MONTAUK RENEWABLES INC (MNTK) stock?
ChartMill assigns a technical rating of 0 / 10 to MNTK.
What is the trend direction for MNTK stock?
The current trend direction for MONTAUK RENEWABLES INC (MNTK) is Bearish.
What is the RSI signal for MONTAUK RENEWABLES INC (MNTK) stock?
MONTAUK RENEWABLES INC (MNTK) has an RSI value of 46.3137. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MONTAUK RENEWABLES INC?
The MACD indicator for MONTAUK RENEWABLES INC (MNTK) has a value of 0.0000915211, indicating a bearish trend.
What is the support and resistance level for MNTK stock?
MONTAUK RENEWABLES INC (MNTK) has a support level at 1.77 and a resistance level at 2.07. Check the full technical report for our detailed analysis of MNTK support and resistance levels.