MONTAUK RENEWABLES INC (MNTK) Stock Technical Analysis
USA - NASDAQ:MNTK - US61218C1036 - Common Stock
2.03 USD
-0.08 (-3.79%)
2 USD
-0.03 (-1.48%)
Overall MNTK gets a technical rating of 0 out of 10. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
96% of all other stocks performed better in the past year than MNTK.
MNTK is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 94% 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 1.91 - 2.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MNTK does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
1.71
2.33
We found 2 important support areas.
- Support @1.99 from a horizontal line in the daily time frame.
- A support zone ranging from 1.73 to 1.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @2.03 from a trend line in the daily time frame.
- A resistance zone ranging from 2.07 to 2.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.25 to 2.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.31 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 | 4.96 | NEGATIVE | MNTK has a low relative strength, it was outperformed by 95.04% 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) | 46.91 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 40.64 | NEUTRAL | The Stochastics value for MNTK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.05 | HIGH VOLATILITY | The high ATR as a percentage value for MNTK suggests high volalility. |
| Average Directional Index/ADX (14) | 14.55 | NEGATIVE | The low ADX value for MNTK suggests a weak or negative 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)
2.03
-0.08 (-3.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-3.79%
1 Week1%
2 Weeks1.5%
1 Month-6.45%
3 Month-9.37%
6 Month-2.87%
12 Month-61.77%
2 Year-77.72%
3 Year-88.36%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%6.05%
ATR Inc10.12%
Range Today0.2
ADR(20)0.12
ADR(20)%5.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.96
Mansfield-4.26
10 Day High2.32
10 Day Low1.91
20 Day High2.32
20 Day Low1.91
52 Week High6.04
52 Week Low1.68
CS1 End1.99
CR1 Start2.03
Volume & EV
DER(3)-23.05%
DER(5)-10.17%
Volume136.30K
Volume Incr50.08%
Vol(5)237.98K
Vol(50)181.45K