MMTEC INC (MTC) Stock Technical Analysis
NASDAQ:MTC - Nasdaq - VGG6181K1223 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to MTC. MTC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
95% of all other stocks performed better in the past year than MTC.
MTC is part of the Software industry. There are 283 other stocks in this industry, of which 85% are performing better than MTC.
MTC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MTC is lagging the market.
In the last month MTC has a been trading in the 0.92 - 1.27 range, which is quite wide. It is currently trading near the lows of this range.
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.
More info and screens
0.93
1.08
We found 1 important support area.
- Support @0.94 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @1.07 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 | DOWN | NEGATIVE | The long term trend for MTC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MTC is down. |
| ChartMill Relative Strength | 5.5 | NEGATIVE | MTC has a low relative strength, it was outperformed by 94.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTC is below a declining 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) | 37.96 | NEUTRAL | The RSI value for MTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MTC has a negative trend. |
| Stochastics (14,3) | 25.68 | NEUTRAL | The Stochastics value for MTC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.92 | HIGH VOLATILITY | The high ATR as a percentage value for MTC suggests high volalility. |
| Average Directional Index/ADX (14) | 23.8 | NEUTRAL | The ADX value for MTC 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)
0.9506
-0.07 (-6.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-6.8%
1 Week-5.88%
2 Weeks-6.8%
1 Month-22.72%
3 Month-23.34%
6 Month-46.45%
12 Month-66.96%
2 Year-83.94%
3 Year-95.97%
5 Year-99.12%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%8.92%
ATR Inc40%
Range Today0.12
ADR(20)0.08
ADR(20)%8.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.5
Mansfield-5.46
10 Day High1.1
10 Day Low0.92
20 Day High1.27
20 Day Low0.92
52 Week High6.42
52 Week Low0.76
CS1 End0.94
CR1 Start1.07
Volume & EV
DER(3)-18.33%
DER(5)-20.25%
Volume166.00K
Volume Incr68.94%
Vol(5)102.76K
Vol(50)92.44K