MNTN Technical Analysis - MNTN INC-A

Technical Rating and Analysis

Overall MNTN gets a technical rating of 0 out of 10. MNTN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

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, MNTN is a bad performer in the overall market: 75% of all stocks are doing better.

MNTN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month MNTN has a been trading in the 14.71 - 20.64 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

MNTN is part of the Media industry. There are 95 other stocks in this industry, MNTN did better than 65% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of MNTN 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

11.13

18.01

We found 1 important support area.

A support zone ranging from 11.24 to 11.30. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @17.83 from a trend line in the daily time frame.

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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 MNTN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MNTN is down.
ChartMill Relative Strength	25.1	NEGATIVE	MNTN has a low relative strength, it was outperformed by 74.9% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MNTN is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MNTN is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of MNTN is below the rising SMA(200).
Relative Strength Index/RSI (14)	26.92	OVERSOLD	The low RSI value suggests MNTN may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.16	NEGATIVE	The MACD value suggests MNTN has a negative trend, although the MACD value is rising.
Stochastics (14,3)	5.78	OVERSOLD	The low Stochastics value suggests MNTN may be oversold.
Average True Range in percent/ATR (20)	6.51	HIGH VOLATILITY	The high ATR as a percentage value for MNTN suggests high volalility.
Average Directional Index/ADX (14)	28.29	POSITIVE	The high ADX value value for MNTN suggests a strong trend.