MONTAUK RENEWABLES INC (MNTK) Technical Analysis
NASDAQ:MNTK • US61218C1036
Current stock price
MNTK Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MNTK. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, MNTK is a bad performer in the overall market: 90% of all stocks are doing better.
- MNTK is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 100% of 20 stocks in the same industry do better.
- MNTK 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 MNTK has a been trading in the 1.07 - 1.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MNTK Weekly and Daily overview Charts
MNTK Setup Rating and Analysis
Although the technical rating is bad, MNTK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.21. Right above this resistance zone may be a good entry point.
More info and screens
MNTK Support and Resistance Analysis
1.11
We found 1 important support area.
- A support zone ranging from 1.12 to 1.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 1.21 to 1.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.24 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.44 to 1.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.58 from a trend line in the daily time frame.
- Resistance @1.90 from a horizontal line in the daily time frame.
MNTK 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 MNTK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MNTK is down. |
| ChartMill Relative Strength | 10.81 | NEGATIVE | MNTK has a low relative strength, it was outperformed by 89.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MNTK is above 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) | 42.6 | NEUTRAL | The RSI value for MNTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MNTK has a positive trend. |
| Stochastics (14,3) | 61.67 | NEUTRAL | The Stochastics value for MNTK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.92 | HIGH VOLATILITY | The high ATR as a percentage value for MNTK suggests high volalility. |
| Average Directional Index/ADX (14) | 15.35 | NEGATIVE | The low ADX value for MNTK suggests a weak or negative trend. |
MNTK Chart- and CandleStick Pattern Analysis
MNTK Technicals: Chart, Performance Metrics, Trend & Indicators
1.2
0 (0%)
MONTAUK RENEWABLES INC / MNTK TA FAQ
What is the ChartMill technical rating of MONTAUK RENEWABLES INC (MNTK) stock?
ChartMill assigns a technical rating of 0 / 10 to MNTK.
Can you provide the trend direction for MONTAUK RENEWABLES INC?
The current trend direction for MONTAUK RENEWABLES INC (MNTK) is Bearish.
Can you provide the RSI signal for MONTAUK RENEWABLES INC?
MONTAUK RENEWABLES INC (MNTK) has an RSI value of 42.5982. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for MONTAUK RENEWABLES INC?
The buy/sell signal for MONTAUK RENEWABLES INC (MNTK) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for MONTAUK RENEWABLES INC?
MONTAUK RENEWABLES INC (MNTK) has a support level at 1.12 and a resistance level at 1.21. Check the full technical report for our detailed analysis of MNTK support and resistance levels.