Montage Resources Corp (MR) Technical Analysis
NYSE:MR
Current stock price
MR Technical Rating and Analysis
Overall MR gets a technical rating of 5 out of 10. 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.
- 82% of all other stocks performed better in the past year than MR.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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 Weekly and Daily overview Charts
MR Setup Rating and Analysis
MR has only a medium technical rating, but it does show a decent setup pattern. 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.
More info and screens
MR Support and Resistance Analysis
4.56
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.
2 important resistance areas can be observed.
- 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.
MR 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 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. |
MR Chart- and CandleStick Pattern Analysis
MR Technicals: Chart, Performance Metrics, Trend & Indicators
5.36
-0.07 (-1.29%)
Montage Resources Corp / MR TA 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.
What is the RSI signal for MR stock?
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.