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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MPU is a bad performer in the overall market: 91% of all stocks are doing better.
- MPU is one of the lesser performing stocks in the Entertainment industry. 63% of 80 stocks in the same industry do better.
- MPU is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
- In the last month MPU has a been trading in the 0.58 - 1.04 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of MPU 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
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When analyzing the resistance we notice one important area.
- Resistance @1.13 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 | 9.29 | NEGATIVE | MPU has a low relative strength, it was outperformed by 90.71% 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) | DOWN | NEGATIVE | The current price of MPU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.38 | OVERSOLD | The low RSI value suggests MPU may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MPU has a negative trend. |
| Stochastics (14,3) | 19.02 | OVERSOLD | The low Stochastics value suggests MPU may be oversold. |
| Average True Range in percent/ATR (20) | 14.54 | HIGH VOLATILITY | The high ATR as a percentage value for MPU suggests high volalility. |
| Average Directional Index/ADX (14) | 20.82 | NEUTRAL | The ADX value for MPU suggests a possible start of a new trend. |
0.6112
-0.05 (-7.39%)
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 25.3794. This indicates that the stock is currently oversold.
Can you provide the MACD signal for MEGA MATRIX INC?
The MACD indicator for MEGA MATRIX INC (MPU) has a value of -0.0217354, 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.