Taking everything into account, MPU scores 0 out of 10 in our technical rating. MPU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 89% of all other stocks performed better in the past year than MPU.
- MPU is one of the lesser performing stocks in the Entertainment industry. 62% of 80 stocks in the same industry do better.
- MPU 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.
- In the last month MPU has a been trading in the 0.82 - 1.27 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
MPU has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 0.86, a Stop Loss order could be placed below this zone.
More info and screens
0.77
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.86 to 0.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.80 to 0.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.78 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.99 from a horizontal line in the daily time frame.
- Resistance @1.18 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for MPU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MPU is down. |
| ChartMill Relative Strength | 11.42 | NEGATIVE | MPU has a low relative strength, it was outperformed by 88.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MPU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MPU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MPU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.53 | NEUTRAL | The RSI value for MPU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MPU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.19 | NEUTRAL | The Stochastics value for MPU is a neutral value. |
| Average True Range in percent/ATR (20) | 10.79 | HIGH VOLATILITY | The high ATR as a percentage value for MPU suggests high volalility. |
| Average Directional Index/ADX (14) | 16.16 | NEGATIVE | The low ADX value for MPU suggests a weak or negative trend. |
0.905
+0 (+0.03%)
MEGA MATRIX INC / MPU FAQ
Can you provide the ChartMill technical rating for MEGA MATRIX INC?
ChartMill assigns a technical rating of 0 / 10 to MPU.
What is the current trend direction of MEGA MATRIX INC (MPU) stock?
The current trend direction for MEGA MATRIX INC (MPU) is Bearish.
What is the RSI signal for MPU stock?
MEGA MATRIX INC (MPU) has an RSI value of 41.5266. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MEGA MATRIX INC?
The MACD indicator for MEGA MATRIX INC (MPU) has a value of -0.0034351, indicating a bearish trend.
Can you provide the buy/sell signal for MEGA MATRIX INC?
The buy/sell signal for MEGA MATRIX INC (MPU) is sell as both the short term and long term trends are negative.