MEGA MATRIX INC (MPU) Stock Technical Analysis
NYSEARCA:MPU - NYSE Arca - KYG6005C1087 - Common Stock - Currency: USD
Taking everything into account, MPU scores 8 out of 10 in our technical rating. In the last year, MPU was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MPU is one of the better performing stocks in the Entertainment industry, it outperforms 85% of 72 stocks in the same industry.
In the last month MPU has a been trading in the 0.77 - 1.79 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that MPU is one of the better performing stocks in the market, outperforming 92% 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MPU has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.77
1.70
When analyzing the support we can see 2 important areas.
- Support @0.80 from a horizontal line in the daily time frame.
- Support @0.78 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 | NEUTRAL | NEUTRAL | The long term trend for MPU is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MPU is up. |
| ChartMill Relative Strength | 92.76 | POSITIVE | MPU has a high relative strength, it outperformed 92.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MPU is above the rising 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) | 77.53 | OVERBOUGHT | The high RSI value suggests MPU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MPU has a positive trend. |
| Stochastics (14,3) | 84.58 | OVERBOUGHT | The high Stochastics value suggests MPU may be overbought. |
| Average True Range in percent/ATR (20) | 8.96 | HIGH VOLATILITY | The high ATR as a percentage value for MPU suggests high volalility. |
| Average Directional Index/ADX (14) | 32.36 | 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)
1.68
+0.1 (+6.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg6.33%
1 Week74.2%
2 Weeks88.76%
1 Month88.98%
3 Month139.93%
6 Month27.27%
12 Month-22.22%
2 Year24.44%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%8.96%
ATR Inc48%
Range Today0.22
ADR(20)0.15
ADR(20)%8.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.76
Mansfield1.83
10 Day High1.79
10 Day Low0.8
20 Day High1.79
20 Day Low0.77
52 Week High2.47
52 Week Low0.49
CS1 End0.8
CR1 StartN/A
Volume & EV
DER(3)1.8%
DER(5)0.41%
Volume734.30K
Volume Incr585.18%
Vol(5)2.27M
Vol(50)379.31K