Mitel Networks Corporati (MNW.CA) Technical Analysis
TSX:MNW
Current stock price
MNW.CA Technical Rating and Analysis
Taking everything into account, MNW scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MNW is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, MNW did better than 92% of all other stocks.
- MNW is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MNW has a been trading in a tight range between 14.35 and 14.88.
- Volume is considerably higher in the last couple of days.
MNW.CA Weekly and Daily overview Charts
MNW.CA Setup Rating and Analysis
Although MNW has an excellent technical rating, the quality of the presented setup is not ideal 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
MNW.CA Support and Resistance Analysis
10.75
We found 4 important support areas.
- A support zone ranging from 14.41 to 14.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.13 to 14.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.47 from a trend line in the weekly time frame.
- Support @10.86 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.79 to 14.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
MNW.CA 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 MNW.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNW.CA is up. |
| ChartMill Relative Strength | 92.76 | POSITIVE | MNW.CA has a high relative strength, it outperformed 92.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MNW.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNW.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MNW.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.18 | NEUTRAL | The RSI value for MNW.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MNW.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.31 | OVERBOUGHT | The high Stochastics value suggests MNW.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.58 | LOW VOLATILITY | The low ATR as a percentage value for MNW.CA suggests low volalility. |
MNW.CA Chart- and CandleStick Pattern Analysis
MNW.CA 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 |
|---|---|---|---|
| 14.83 | 14.44 | 0.39 (2.63%) | 25.00% |
| An entry @14.83. This is a Buy Stop order right above the resistance zone. | An exit @14.44. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.39 points, which is 2.63%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%. |
- 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.
MNW.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:MNW (11/30/2018, 9:03:32 PM)
14.78
-0.03 (-0.2%)
Mitel Networks Corporati / MNW.CA TA FAQ
What is the ChartMill technical rating of Mitel Networks Corporati (MNW.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to MNW.CA.
What is the trend direction for MNW stock?
The current trend direction for Mitel Networks Corporati (MNW.CA) is Bullish.
Can you provide the RSI signal for Mitel Networks Corporati?
Mitel Networks Corporati (MNW.CA) has an RSI value of 68.1803. This indicates that the stock is currently neutral.
What is the short term momentum for Mitel Networks Corporati (MNW.CA) stock?
The short term momentum for Mitel Networks Corporati (MNW.CA) is positive.
What is the buy/sell signal for Mitel Networks Corporati (MNW.CA) stock?
The buy/sell signal for Mitel Networks Corporati (MNW.CA) is buy as both the short term and long term trends are positive.