Montage Resources Corp (MR) Stock Technical Analysis
NYSE:MR - New York Stock Exchange, Inc. -
Taking everything into account, MR scores 5 out of 10 in our technical rating. MR has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, MR is a bad performer in the overall market: 82% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MR is lagging the market.
In the last month MR has a been trading in the 4.51 - 5.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.65. Right above this resistance zone may be a good entry point.
More info and screens
4.56
5.85
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.93 to 5.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.61 to 4.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.65 to 5.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.78 to 5.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MR is up. |
| ChartMill Relative Strength | 18.53 | NEGATIVE | MR has a low relative strength, it was outperformed by 81.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.9 | NEUTRAL | The RSI value for MR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MR has a positive trend. |
| Stochastics (14,3) | 59.15 | NEUTRAL | The Stochastics value for MR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.5 | HIGH VOLATILITY | The high ATR as a percentage value for MR suggests high volalility. |
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)
5.36
-0.07 (-1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.29%
1 Week10.29%
2 Weeks4.08%
1 Month2.29%
3 Month-7.27%
6 Month16.27%
12 Month-9.61%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%6.5%
ATR Inc-26.29%
Range Today0.29
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.53
Mansfield-0.04
10 Day High5.55
10 Day Low4.51
20 Day High5.96
20 Day Low4.51
52 Week High8.3
52 Week Low1.99
CS1 End5.01
CR1 Start5.65
Volume & EV
DER(3)-0.8%
DER(5)-2.25%
Volume1.11M
Volume Incr51.36%
Vol(5)674.14K
Vol(50)523.04K