MONTEA NV (MONT.BR) Stock Technical Analysis
EBR:MONT - Euronext Brussels - BE0003853703 - REIT - Currency: EUR
Overall MONT gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MONT was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, MONT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 64.92, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MONT in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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61.67
When analyzing the support we can see 2 important areas.
- A support zone ranging from 63.50 to 64.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.29 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @65.50 from a horizontal line in the daily time frame.
- A resistance zone ranging from 66.90 to 68.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @83.50 from a horizontal line in the weekly time frame.
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 MONT.BR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MONT.BR is up. |
| ChartMill Relative Strength | 17.22 | NEGATIVE | MONT.BR has a low relative strength, it was outperformed by 82.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MONT.BR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MONT.BR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MONT.BR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.09 | NEUTRAL | The RSI value for MONT.BR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MONT.BR has a positive trend. |
| Stochastics (14,3) | 73.42 | NEUTRAL | The Stochastics value for MONT.BR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for MONT.BR suggests low volalility. |
| Average Directional Index/ADX (14) | 11.48 | NEGATIVE | The low ADX value for MONT.BR suggests a weak or negative trend. |
EBR:MONT (6/20/2025, 5:29:55 PM)
65.4
+0.2 (+0.31%)