MRNO Technical Analysis - MURANO GLOBAL INVESTMENTS PL

Technical Rating and Analysis

Overall MRNO gets a technical rating of 0 out of 10. MRNO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

100% of all other stocks performed better in the past year than MRNO.

MRNO is one of the lesser performing stocks in the Real Estate Management & Development industry. 92% of 64 stocks in the same industry do better.

MRNO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month MRNO has a been trading in the 2.35 - 6.20 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.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Warning: MRNO has an average volume of 13163 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MURANO GLOBAL INVESTMENTS PL / MRNO Weekly stock chart

MURANO GLOBAL INVESTMENTS PL / MRNO Daily stock chart

Setup Rating and Analysis

MRNO has a poor technical rating and the quality of the setup is also not perfect 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

2.52

3.39

When analyzing the resistance we notice 2 important areas.

Resistance @2.85 from a horizontal line in the daily time frame.
Resistance @3.36 from a trend line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for MRNO is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MRNO is down.
ChartMill Relative Strength	0.83	NEGATIVE	MRNO has a low relative strength, it was outperformed by 99.17% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MRNO is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MRNO is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MRNO is below a declining SMA(200).
Relative Strength Index/RSI (14)	27.62	OVERSOLD	The low RSI value suggests MRNO may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests MRNO has a positive trend.
Stochastics (14,3)	4.3	OVERSOLD	The low Stochastics value suggests MRNO may be oversold.
Average True Range in percent/ATR (20)	18.83	HIGH VOLATILITY	The high ATR as a percentage value for MRNO suggests high volalility.
Average Directional Index/ADX (14)	24.96	NEUTRAL	The ADX value for MRNO suggests a possible start of a new trend.