MTC Technical Analysis - MMTEC INC

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to MTC. In the past year, MTC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

94% of all other stocks performed better in the past year than MTC.

MTC is part of the Software industry. There are 282 other stocks in this industry, of which 78% are performing better than MTC.

MTC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month MTC has a been trading in the 0.80 - 1.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, MTC does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for MTC in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

0.79

1.06

2 important support areas can be observed.

Support @0.85 from a trend line in the daily time frame.
A support zone ranging from 0.80 to 0.81. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 0.92 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1.01 to 1.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
A resistance zone ranging from 1.05 to 1.05. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The long term trend for MTC is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MTC is up.
ChartMill Relative Strength	6.43	NEGATIVE	MTC has a low relative strength, it was outperformed by 93.57% 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	MIXED	The current price of MTC is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MTC is below a declining SMA(200).
Relative Strength Index/RSI (14)	53.34	NEUTRAL	The RSI value for MTC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests MTC has a positive trend, although the MACD value is declining.
Stochastics (14,3)	76.64	NEUTRAL	The Stochastics value for MTC is a neutral value.
Average True Range in percent/ATR (20)	6.13	HIGH VOLATILITY	The high ATR as a percentage value for MTC suggests high volalility.
Average Directional Index/ADX (14)	35.6	POSITIVE	The high ADX value value for MTC suggests a strong trend.