MNTS Technical Analysis - MOMENTUS INC

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to MNTS. Recently some decent action could be observed, but in the medium term time frame this is still negative. MNTS was also a bad performer in the overall market in the last year.

91% of all other stocks performed better in the past year than MNTS.

MNTS is one of the lesser performing stocks in the Aerospace & Defense industry. 86% of 68 stocks in the same industry do better.

MNTS 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.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

In the last month MNTS has a been trading in the 1.13 - 1.58 range, which is quite wide. It is currently trading near the high of this range.

MNTS has an average volume of 7306690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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

MNTS has an average technical rating and it also does not offer a high 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

1.11

1.82

When analyzing the support we can see 2 important areas.

Support @1.21 from a trend line in the daily time frame.
Support @1.12 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 1.48 to 1.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @1.80 from a trend line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 MNTS is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MNTS is up.
ChartMill Relative Strength	9.01	NEGATIVE	MNTS has a low relative strength, it was outperformed by 90.99% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MNTS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MNTS is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MNTS is below a declining SMA(200).
Relative Strength Index/RSI (14)	64.32	NEUTRAL	The RSI value for MNTS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests MNTS has a positive trend.
Stochastics (14,3)	86.14	OVERBOUGHT	The high Stochastics value suggests MNTS may be overbought.
Average True Range in percent/ATR (20)	5.35	HIGH VOLATILITY	The high ATR as a percentage value for MNTS suggests high volalility.
Average Directional Index/ADX (14)	34.91	POSITIVE	The high ADX value value for MNTS suggests a strong trend.