MEGA MATRIX INC (MPU) Stock Technical Analysis
NYSEARCA:MPU - KYG6005C1087 - Common Stock
2.59 USD
-0.21 (-7.5%)
2.59 USD
0 (0%)
Overall MPU gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
MPU is part of the Entertainment industry. There are 75 other stocks in this industry. MPU outperforms 94% of them.
MPU has an average volume of 1349000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that MPU is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this relatively good performance is mostly due to a recent big move.
MPU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MPU is lagging the market.
In the last month MPU has a been trading in the 1.74 - 4.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although MPU has an excellent technical rating, the quality of the presented setup is not ideal 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
2.23
3.00
When analyzing the support we notice one important area.
- A support zone ranging from 2.25 to 2.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @2.97 from a horizontal 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 | UP | POSITIVE | The long term trend for MPU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MPU is neutral. |
| ChartMill Relative Strength | 96.79 | POSITIVE | MPU has a high relative strength, it outperformed 96.79% 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) | UP | POSITIVE | The current price of MPU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MPU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.6 | NEUTRAL | The RSI value for MPU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests MPU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.29 | NEUTRAL | The Stochastics value for MPU is a neutral value. |
| Average True Range in percent/ATR (20) | 19.69 | HIGH VOLATILITY | The high ATR as a percentage value for MPU suggests high volalility. |
| Average Directional Index/ADX (14) | 31.52 | POSITIVE | The high ADX value value for MPU suggests a strong 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)
2.59
-0.21 (-7.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-7.5%
1 Week-12.5%
2 Weeks-25.36%
1 Month-25.79%
3 Month173.76%
6 Month213.52%
12 Month30.15%
2 Year175.53%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%19.69%
ATR Inc-32.76%
Range Today0.3
ADR(20)0.5
ADR(20)%19.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.79
Mansfield7.1
10 Day High3.6
10 Day Low1.74
20 Day High4.33
20 Day Low1.74
52 Week High4.44
52 Week Low0.49
CS1 End2.26
CR1 Start2.97
Volume & EV
DER(3)-6.47%
DER(5)-7.01%
Volume750.70K
Volume Incr-59.51%
Vol(5)679.78K
Vol(50)1.35M