MONTAUK RENEWABLES INC (MNTK) Technical Analysis
NASDAQ:MNTK • US61218C1036
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.
- 90% of all other stocks performed better in the past year than MNTK.
- MNTK is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, of which 100% are performing better than MNTK.
- MNTK is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MNTK is lagging the market.
- In the last month MNTK has a been trading in the 1.47 - 1.94 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
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. We notice that large players showed an interest for MNTK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
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We can see 5 important resistance areas.
- A resistance zone ranging from 1.55 to 1.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.62 to 1.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.75 from a trend line in the daily time frame.
- Resistance @1.83 from a trend line in the daily time frame.
- Resistance @1.90 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 | DOWN | NEGATIVE | The short term trend for MNTK is down. |
| ChartMill Relative Strength | 10.98 | NEGATIVE | MNTK has a low relative strength, it was outperformed by 89.02% 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) | 44.05 | NEUTRAL | The RSI value for MNTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MNTK has a negative trend. |
| Stochastics (14,3) | 19.86 | OVERSOLD | The low Stochastics value suggests MNTK may be oversold. |
| Average True Range in percent/ATR (20) | 7.87 | HIGH VOLATILITY | The high ATR as a percentage value for MNTK suggests high volalility. |
| Average Directional Index/ADX (14) | 33.36 | POSITIVE | The high ADX value value for MNTK suggests a strong trend. |
MNTK Technicals: Chart, Performance Metrics, Trend & Indicators
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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.
Can you provide the trend direction for MONTAUK RENEWABLES INC?
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 44.0548. This indicates that the stock is currently neutral.
What is the MACD signal for MONTAUK RENEWABLES INC (MNTK) stock?
The MACD indicator for MONTAUK RENEWABLES INC (MNTK) has a value of -0.00972611, indicating a bearish trend.
What are the support and resistance levels for MONTAUK RENEWABLES INC (MNTK) stock?
MONTAUK RENEWABLES INC (MNTK) has a resistance level at 1.55. Check the full technical report for our detailed analysis of MNTK support and resistance levels.