Montage Resources Corp (MR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MR -
We assign a technical rating of 5 out of 10 to MR. 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.
Although the technical rating is only medium, MR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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.
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4.56
We found 2 important support 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.
We can see 2 important resistance 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. |
5.36
-0.07 (-1.29%)
Montage Resources Corp / MR FAQ
Can you provide the ChartMill technical rating for Montage Resources Corp?
ChartMill assigns a technical rating of 5 / 10 to MR.
Can you provide the trend direction for Montage Resources Corp?
The current trend direction for Montage Resources Corp (MR) is Bearish.
Can you provide the RSI signal for Montage Resources Corp?
Montage Resources Corp (MR) has an RSI value of 55.898. This indicates that the stock is currently neutral.
What is the MACD signal for Montage Resources Corp (MR) stock?
The MACD indicator for Montage Resources Corp (MR) has a value of 0.0052114, indicating a bearish trend.
Can you provide the short term momentum for Montage Resources Corp?
The short term momentum for Montage Resources Corp (MR) is positive.