MONT Technical Analysis - MONTEA NV

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to MONT. MONT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

When comparing the yearly performance of all stocks, MONT is a bad performer in the overall market: 84% of all stocks are doing better.

MONT is one of the lesser performing stocks in the Diversified REITs industry. 79% of 44 stocks in the same industry do better.

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

In the last month MONT has a been trading in the 59.90 - 66.67 range, which is quite wide. It is currently trading near the high of this range.

Prices have been consolidating recently, this may present a good entry opportunity.

MONT 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 MONT is lagging the market slightly.

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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

Although the technical rating is bad, 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 64.57, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

60.81

84.34

2 important support areas can be observed.

A support zone ranging from 63.45 to 64.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @61.42 from a trend line in the daily time frame.

We can see 3 important resistance areas.

Resistance @65.48 from a trend 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.

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Support and Resistance indicators

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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	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	16.46	NEGATIVE	MONT.BR has a low relative strength, it was outperformed by 83.54% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of MONT.BR is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of MONT.BR is above a declining 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)	53.89	NEUTRAL	The RSI value for MONT.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests MONT.BR has a negative trend, although the MACD value is rising.
Stochastics (14,3)	75.12	NEUTRAL	The Stochastics value for MONT.BR is a neutral value.
Average True Range in percent/ATR (20)	2.51	MEDIUM VOLATILITY	The ATR as a percentage value for MONT.BR suggests some volalility.
Average Directional Index/ADX (14)	12.74	NEGATIVE	The low ADX value for MONT.BR suggests a weak or negative trend.