MESABI TRUST (MSB) Stock Technical Analysis
NYSE:MSB - New York Stock Exchange, Inc. - US5906721015 - Currency: USD
We assign a technical rating of 1 out of 10 to MSB. MSB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
Looking at the yearly performance, MSB did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
MSB is part of the Metals & Mining industry. There are 154 other stocks in this industry, MSB did better than 48% of them.
MSB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MSB is lagging the market.
In the last month MSB has a been trading in the 22.55 - 26.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MSB has a bad 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 24.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.55, a Stop Loss order could be placed below this zone.
More info and screens
23.08
28.31
When analyzing the support we notice one important area.
- A support zone ranging from 23.31 to 24.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 24.91 to 24.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.17 from a horizontal line in the daily time frame.
- Resistance @26.80 from a horizontal line in the daily time frame.
- Resistance @28.03 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for MSB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MSB is neutral. |
| ChartMill Relative Strength | 71.39 | POSITIVE | MSB has a high relative strength, it outperformed 71.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MSB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MSB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MSB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.21 | NEUTRAL | The RSI value for MSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests MSB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.73 | NEUTRAL | The Stochastics value for MSB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.25 | MEDIUM VOLATILITY | The ATR as a percentage value for MSB suggests some volalility. |
| Average Directional Index/ADX (14) | 20.58 | NEUTRAL | The ADX value for MSB suggests a possible start of a new 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)
24.81
-0.25 (-1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1%
1 Week1.43%
2 Weeks-0.72%
1 Month-6.87%
3 Month-11.3%
6 Month-14.21%
12 Month42.91%
2 Year26.2%
3 Year-9.02%
5 Year42.34%
10 Year129.72%
15 Year2.01%
Volatility
ATR(14)1.03
ATR(20)%4.25%
ATR Inc-8.35%
Range Today0.68
ADR(20)1.01
ADR(20)%4.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.39
Mansfield-0.67
10 Day High25.67
10 Day Low23.45
20 Day High26.35
20 Day Low22.55
52 Week High37
52 Week Low15.93
CS1 End24.55
CR1 Start24.91
Volume & EV
DER(3)-5.37%
DER(5)-3.29%
Volume39.90K
Volume Incr37.52%
Vol(5)44.28K
Vol(50)37.71K