MPU Technical Analysis - MEGA MATRIX INC

Technical Rating and Analysis

Taking everything into account, MPU scores 3 out of 10 in our technical rating. Although MPU is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

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 1.24 - 2.93 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.

Looking at the yearly performance, MPU did better than 84% of all other stocks.

MPU has an average volume of 1297190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

MPU is an average performer in the Entertainment industry, it outperforms 67% of 80 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MEGA MATRIX INC / MPU Weekly stock chart

Setup Rating and Analysis

MPU has a poor technical rating and the quality of the setup is also only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.77

1.63

We found 4 important support areas.

Support @1.37 from a horizontal line in the daily time frame.
Support @1.05 from a trend line in the daily time frame.
Support @0.84 from a trend line in the daily time frame.
Support @0.78 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @1.61 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for MPU is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MPU is down.
ChartMill Relative Strength	84.11	POSITIVE	MPU has a high relative strength, it outperformed 84.11% 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	MIXED	The current price of MPU is above a declining SMA(200).
Relative Strength Index/RSI (14)	36.51	NEUTRAL	The RSI value for MPU is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests MPU has a negative trend, although the MACD value is rising.
Stochastics (14,3)	19.62	OVERSOLD	The low Stochastics value suggests MPU may be oversold.
Average True Range in percent/ATR (20)	18.87	HIGH VOLATILITY	The high ATR as a percentage value for MPU suggests high volalility.
Average Directional Index/ADX (14)	26.43	POSITIVE	The high ADX value value for MPU suggests a strong trend.