MARTI TECHNOLOGIES INC (MRT) Stock Technical Analysis
NYSEARCA:MRT - NYSE Arca - US5731341039 - Common Stock - Currency: USD
Taking everything into account, MRT scores 2 out of 10 in our technical rating. Although MRT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month MRT has a been trading in the 2.63 - 3.11 range, which is quite wide. It is currently trading near the lows of this range.
MRT is part of the Ground Transportation industry. There are 40 other stocks in this industry. MRT outperforms 82% of them.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that MRT is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
MRT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MRT is lagging the market.
Considerably lower volume is observed in the last couple of days.
The technical rating of MRT is bad and it also does not present a quality setup 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.
More info and screens
2.34
3.60
4 important support areas can be observed.
- Support @2.59 from a trend line in the weekly time frame.
- Support @2.51 from a trend line in the daily time frame.
- Support @2.44 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.36 to 2.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 2.82 to 2.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.95 from a trend line in the daily time frame.
- A resistance zone ranging from 3.01 to 3.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.26 from a trend line in the daily time frame.
- Resistance @3.56 from a horizontal line in the daily time frame.
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 MRT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRT is down. |
| ChartMill Relative Strength | 82.69 | POSITIVE | MRT has a high relative strength, it outperformed 82.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MRT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MRT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.88 | NEUTRAL | The RSI value for MRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MRT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.17 | OVERSOLD | The low Stochastics value suggests MRT may be oversold. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for MRT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.84 | NEGATIVE | The low ADX value for MRT suggests a weak or negative trend. |
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)
2.73
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg0%
1 Week-1.09%
2 Weeks-9.9%
1 Month-7.77%
3 Month-10.78%
6 Month-24.17%
12 Month60.59%
2 Year111.63%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%4.8%
ATR Inc-11.13%
Range Today0.08
ADR(20)0.13
ADR(20)%4.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.69
Mansfield-0.98
10 Day High3.11
10 Day Low2.63
20 Day High3.11
20 Day Low2.63
52 Week High3.89
52 Week Low1.32
CS1 End2.59
CR1 Start2.82
Volume & EV
DER(3)6.88%
DER(5)2.47%
Volume14.28K
Volume Incr-45.59%
Vol(5)43.50K
Vol(50)79.80K