MANITEX INTERNATIONAL INC (MNTX) Technical Analysis
NASDAQ:MNTX • US5634201082
Current stock price
MNTX Technical Rating and Analysis
Taking everything into account, MNTX scores 6 out of 10 in our technical rating. Although MNTX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 82% of all other stocks performed better in the past year than MNTX.
- MNTX is one of the lesser performing stocks in the Machinery industry. 74% of 131 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- MNTX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MNTX is lagging the market slightly.
- In the last month MNTX has a been trading in a tight range between 5.71 and 5.81.
MNTX Weekly and Daily overview Charts
MNTX Setup Rating and Analysis
Although the technical rating is only medium, MNTX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.77, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
MNTX Support and Resistance Analysis
5.50
2 important support areas can be observed.
- A support zone ranging from 5.65 to 5.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.56 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.81 to 5.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
MNTX 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 | UP | POSITIVE | The long term trend for MNTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNTX is up. |
| ChartMill Relative Strength | 18.62 | NEGATIVE | MNTX has a low relative strength, it was outperformed by 81.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MNTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MNTX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.91 | NEUTRAL | The RSI value for MNTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MNTX has a positive trend. |
| Stochastics (14,3) | 92.96 | OVERBOUGHT | The high Stochastics value suggests MNTX may be overbought. |
| Average True Range in percent/ATR (20) | 0.43 | LOW VOLATILITY | The low ATR as a percentage value for MNTX suggests low volalility. |
| Average Directional Index/ADX (14) | 23.5 | NEUTRAL | The ADX value for MNTX suggests a possible start of a new trend. |
MNTX Chart- and CandleStick Pattern Analysis
MNTX Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.85 | 5.70 | 0.15 (2.56%) | 25.00% |
| An entry @5.85. This is a Buy Stop order right above the resistance zone. | An exit @5.70. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.15 points, which is 2.56%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MNTX Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MNTX (12/31/2024, 8:00:00 PM)
5.8
+0.01 (+0.17%)
MANITEX INTERNATIONAL INC / MNTX TA FAQ
What is the technical rating for MNTX stock?
ChartMill assigns a technical rating of 6 / 10 to MNTX.
Can you provide the trend direction for MANITEX INTERNATIONAL INC?
The current trend direction for MANITEX INTERNATIONAL INC (MNTX) is Bullish.
What is the RSI signal for MANITEX INTERNATIONAL INC (MNTX) stock?
MANITEX INTERNATIONAL INC (MNTX) has an RSI value of 65.9063. This indicates that the stock is currently neutral.
What is the short term momentum for MANITEX INTERNATIONAL INC (MNTX) stock?
The short term momentum for MANITEX INTERNATIONAL INC (MNTX) is positive.
Can you provide the support and resistance levels for MANITEX INTERNATIONAL INC?
MANITEX INTERNATIONAL INC (MNTX) has a support level at 5.77 and a resistance level at 5.81. Check the full technical report for our detailed analysis of MNTX support and resistance levels.