MONUMENT CIRCLE ACQUI-CL A (MON) Stock Technical Analysis
NASDAQ:MON - Nasdaq - US61531M1018 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to MON. MON has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, we notice that MON is one of the better performing stocks in the market, outperforming 77% of all stocks. We also observe that the gains produced by MON over the past year are nicely spread over this period.
In the last month MON has a been trading in the 9.55 - 11.13 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
MON 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 MON is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
MON has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 9.77, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MON in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.53
10.29
When analyzing the support we notice one important area.
- A support zone ranging from 9.63 to 9.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.09 to 10.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for MON is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MON is neutral. |
| ChartMill Relative Strength | 77.91 | POSITIVE | MON has a high relative strength, it outperformed 77.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MON is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.29 | NEUTRAL | The RSI value for MON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MON has a negative trend. |
| Stochastics (14,3) | 35.03 | NEUTRAL | The Stochastics value for MON is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for MON suggests some volalility. |
| Average Directional Index/ADX (14) | 51.01 | POSITIVE | The high ADX value value for MON suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 10.20 | 9.62 | 0.58 (5.69%) | 17.59% |
| An entry @10.20. This is a Buy Stop order right above the resistance zone. | An exit @9.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.58 points, which is 5.69%. | When investing 17.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MON. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:MON (12/23/2022, 8:00:00 PM)
10.07
+0.02 (+0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.2%
1 Week-1.08%
2 Weeks0.3%
1 Month0.6%
3 Month2.13%
6 Month2.76%
12 Month3.18%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%2.83%
ATR Inc46.73%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.91
Mansfield0.94
10 Day High11.13
10 Day Low9.56
20 Day High11.13
20 Day Low9.56
52 Week High11.13
52 Week Low9.56
CS1 End9.77
CR1 Start10.09
Volume & EV
DER(3)3.71%
DER(5)2.96%
Volume26.30K
Volume Incr-64.39%
Vol(5)34.68K
Vol(50)81.34K