M-TRON INDUSTRIES INC (MPTI) Stock Technical Analysis
NYSEARCA:MPTI - NYSE Arca - US55380K1097 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to MPTI. MPTI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
MPTI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
When comparing the performance of all stocks over the past year, MPTI turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
MPTI is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 46% of 125 stocks in the same industry.
In the last month MPTI has a been trading in the 36.38 - 48.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, MPTI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for MPTI 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
37.01
59.88
We found 2 important support areas.
- Support @38.75 from a horizontal line in the daily time frame.
- Support @37.38 from a horizontal line in the weekly time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 41.60 to 41.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @44.71 from a trend line in the daily time frame.
- A resistance zone ranging from 48.07 to 48.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @55.42 from a trend line in the weekly time frame.
- Resistance @56.64 from a trend line in the daily time frame.
- A resistance zone ranging from 58.90 to 59.29. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for MPTI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MPTI is down. |
| ChartMill Relative Strength | 59.43 | NEUTRAL | MPTI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MPTI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MPTI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MPTI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.03 | NEUTRAL | The RSI value for MPTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests MPTI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.09 | NEUTRAL | The Stochastics value for MPTI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.68 | HIGH VOLATILITY | The high ATR as a percentage value for MPTI suggests high volalility. |
| Average Directional Index/ADX (14) | 12.85 | NEGATIVE | The low ADX value for MPTI suggests a weak or negative 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)
41.59
+0.35 (+0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.85%
1 Week5.13%
2 Weeks-9.61%
1 Month-11.6%
3 Month-3.37%
6 Month-17.84%
12 Month18.12%
2 Year274.68%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.42
ATR(20)%7.68%
ATR Inc-21.44%
Range Today2.75
ADR(20)3.17
ADR(20)%7.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.43
Mansfield-1.58
10 Day High48.92
10 Day Low36.38
20 Day High48.92
20 Day Low36.38
52 Week High71.1
52 Week Low28.72
CS1 End38.75
CR1 Start41.6
Volume & EV
DER(3)3.33%
DER(5)1.15%
Volume376.50K
Volume Incr181.79%
Vol(5)153.52K
Vol(50)58.04K