MESABI TRUST (MSB)       23.51  -0.88 (-3.61%)

23.51  -0.88 (-3.61%)

US5906721015

Technical Rating

5

We assign a technical rating of 5 out of 10 to MSB. In the last year, MSB was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.



MSB is one of the better performing stocks in the Metals & Mining industry, it outperforms 85% of 975 stocks in the same industry.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, MSB did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
MSB is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
In the last month MSB has a been trading in the 23.51 - 29.00 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -13.47% 29.96% 14.07% -9.79% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 89.92 16.56 - 29.95
MSB Weekly chart
MSB Daily chart

Support/Resistance Analysis


18.41

28.79
2 important support areas can be observed.
  • A support zone ranging from 23.45 to 23.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @18.60 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
  • Resistance @25.01 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 27.52 to 27.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @28.50 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

4

MSB has an average technical rating and the quality of the presented setup is also not ideal 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.


MSB Daily chart

MESABI TRUST23.51

NYSE:MSB (3/24/2023, 8:04:00 PM)-0.88 (-3.61%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
Today-3.61%
1 Week-3.29%
2 Weeks-7.33%
1 Month-13.47%
3 Month29.96%
6 Month14.07%
Volatility
ATR(14)1.14
ATR(20)%5.86%
ATR Inc-31.58%
Range Today0.94
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.92
Mansfield0
10 Day High26
10 Day Low23.51
20 Day High29
20 Day Low23.51
52 Week High29.95
52 Week Low16.56
CS1 End23.5
CR1 Start25.01
Volume & EV
DER(3)-8.1%
DER(5)-2.95%
Volume29.10K
Volume Incr-61.27%
Vol(5)29.66K
Vol(50)67.15K

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