MURANO GLOBAL BV-28 (MRNOW) Stock Technical Analysis
USA - NASDAQ:MRNOW -
Overall MRNOW gets a technical rating of 0 out of 10. MRNOW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, MRNOW 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 0.10. Right above this resistance zone may be a good entry point.
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When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.10 to 0.10. 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 | DOWN | NEGATIVE | The long term trend for MRNOW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRNOW is down. |
| ChartMill Relative Strength | 2.25 | NEGATIVE | MRNOW has a low relative strength, it was outperformed by 97.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRNOW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MRNOW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MRNOW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.58 | NEUTRAL | The RSI value for MRNOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MRNOW has a positive trend. |
| Stochastics (14,3) | 74.58 | NEUTRAL | The Stochastics value for MRNOW is a neutral value. |
| Average True Range in percent/ATR (20) | 13.39 | HIGH VOLATILITY | The high ATR as a percentage value for MRNOW suggests high volalility. |
| Average Directional Index/ADX (14) | 36.99 | POSITIVE | The high ADX value value for MRNOW suggests a strong trend. |
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MURANO GLOBAL BV-28 / MRNOW FAQ
What is the technical rating for MRNOW stock?
ChartMill assigns a technical rating of 0 / 10 to MRNOW.
What is the current trend direction of MURANO GLOBAL BV-28 (MRNOW) stock?
The current trend direction for MURANO GLOBAL BV-28 (MRNOW) is Bearish.
Can you provide the RSI signal for MURANO GLOBAL BV-28?
MURANO GLOBAL BV-28 (MRNOW) has an RSI value of 35.5785. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MURANO GLOBAL BV-28?
The MACD indicator for MURANO GLOBAL BV-28 (MRNOW) has a value of 0.00309399, indicating a bearish trend.
What is the support and resistance level for MRNOW stock?
MURANO GLOBAL BV-28 (MRNOW) has a resistance level at 0.1. Check the full technical report for our detailed analysis of MRNOW support and resistance levels.