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 technical rating of MNTK is bad and it also does not present a quality setup 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.
More info and screens
1.47
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.73 to 1.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.78 to 1.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.23 from a trend line in the weekly time frame.
- 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 | DOWN | NEGATIVE | The short term trend for MNTK is down. |
| ChartMill Relative Strength | 6.23 | NEGATIVE | MNTK has a low relative strength, it was outperformed by 93.77% 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) | 32.32 | NEUTRAL | The RSI value for MNTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MNTK has a negative trend. |
| Stochastics (14,3) | 6.07 | OVERSOLD | The low Stochastics value suggests MNTK may be oversold. |
| Average True Range in percent/ATR (20) | 7.84 | HIGH VOLATILITY | The high ATR as a percentage value for MNTK suggests high volalility. |
| Average Directional Index/ADX (14) | 13.05 | NEGATIVE | The low ADX value for MNTK suggests a weak or negative trend. |
1.48
-0.1 (-6.33%)
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 32.3197. 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 -0.0276662, 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 1.73. Check the full technical report for our detailed analysis of MNTK support and resistance levels.