M-TRON INDUSTRIES INC (MPTI) Stock Technical Analysis
NYSEARCA:MPTI - NYSE Arca - US55380K1097 - Common Stock - Currency: USD
Taking everything into account, MPTI scores 2 out of 10 in our technical rating. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
MPTI is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 61% of 125 stocks in the same industry do better.
In the last month MPTI has a been trading in the 38.41 - 44.58 range, which is quite wide. It is currently trading near the high of this range.
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 43% of all stocks.
MPTI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MPTI is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of MPTI is bad and it also does not present a quality setup 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
37.01
59.88
We found 2 important support areas.
- A support zone ranging from 38.67 to 38.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @37.38 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 43.70 to 43.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @48.43 from a horizontal line in the daily time frame.
- Resistance @53.91 from a trend line in the weekly time frame.
- Resistance @54.81 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 | NEUTRAL | NEUTRAL | The short term trend for MPTI is neutral. |
| ChartMill Relative Strength | 43.01 | NEUTRAL | MPTI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MPTI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MPTI is above 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) | 55.3 | NEUTRAL | The RSI value for MPTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests MPTI has a positive trend. |
| Stochastics (14,3) | 83.96 | OVERBOUGHT | The high Stochastics value suggests MPTI may be overbought. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for MPTI suggests some volalility. |
| Average Directional Index/ADX (14) | 10.61 | 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)
43.69
+1.66 (+3.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg3.95%
1 Week8.93%
2 Weeks11.31%
1 Month5.94%
3 Month-23.79%
6 Month-25.8%
12 Month28.54%
2 Year281.24%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.87
ATR(20)%4.22%
ATR Inc28.39%
Range Today2.43
ADR(20)1.82
ADR(20)%4.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.01
Mansfield-1.5
10 Day High44.58
10 Day Low38.41
20 Day High44.58
20 Day Low38.41
52 Week High71.1
52 Week Low28.72
CS1 End38.98
CR1 Start43.7
Volume & EV
DER(3)-2.75%
DER(5)-0.85%
Volume58.10K
Volume Incr-35.15%
Vol(5)53.74K
Vol(50)63.94K