MMTEC INC (MTC) Technical Analysis
NASDAQ:MTC • VGG6181K1223
Current stock price
MTC Technical Rating and Analysis
Taking everything into account, MTC scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MTC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, MTC did better than 99% of all other stocks.
- MTC is part of the Software industry. There are 277 other stocks in this industry. MTC outperforms 99% of them.
- A new 52 week high is currently being made by MTC, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so MTC is leading the market.
- In the last month MTC has a been trading in the 4.13 - 5.49 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MTC Weekly and Daily overview Charts
MTC Setup Rating and Analysis
Although MTC has an excellent technical rating, it does not present a decent entry opportunity 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
MTC Support and Resistance Analysis
3.73
3 important support areas can be observed.
- A support zone ranging from 4.91 to 4.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.89 from a trend line in the daily time frame.
- A support zone ranging from 3.77 to 3.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 5.40 to 5.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
MTC 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 | UP | POSITIVE | The long term trend for MTC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTC is up. |
| ChartMill Relative Strength | 99.11 | POSITIVE | MTC has a high relative strength, it outperformed 99.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.41 | NEUTRAL | The RSI value for MTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MTC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.29 | OVERBOUGHT | The high Stochastics value suggests MTC may be overbought. |
| Average True Range in percent/ATR (20) | 7.04 | HIGH VOLATILITY | The high ATR as a percentage value for MTC suggests high volalility. |
| Average Directional Index/ADX (14) | 42.29 | POSITIVE | The high ADX value value for MTC suggests a strong trend. |
MTC Chart- and CandleStick Pattern Analysis
MTC Technicals: Chart, Performance Metrics, Trend & Indicators
5.39
+0.06 (+1.13%)
MMTEC INC / MTC TA FAQ
What is the technical rating for MTC stock?
ChartMill assigns a technical rating of 10 / 10 to MTC.
Can you provide the trend direction for MMTEC INC?
The current trend direction for MMTEC INC (MTC) is Bullish.
What is the RSI signal for MMTEC INC (MTC) stock?
MMTEC INC (MTC) has an RSI value of 68.4106. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MMTEC INC?
The MACD indicator for MMTEC INC (MTC) has a value of 0.0457897, indicating a bearish trend.
What is the short term momentum for MMTEC INC (MTC) stock?
The short term momentum for MMTEC INC (MTC) is positive.