Taking everything into account, MTC scores 9 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.
Although MTC has an excellent technical rating, it does not offer a high quality setup 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
2.42
We found 2 important support areas.
- A support zone ranging from 2.90 to 2.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.44 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.24 to 3.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 99.14 | POSITIVE | MTC has a high relative strength, it outperformed 99.14% 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) | 64.55 | NEUTRAL | The RSI value for MTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MTC has a positive trend. |
| Stochastics (14,3) | 52.43 | NEUTRAL | The Stochastics value for MTC is a neutral value. |
| Average True Range in percent/ATR (20) | 9.56 | HIGH VOLATILITY | The high ATR as a percentage value for MTC suggests high volalility. |
| Average Directional Index/ADX (14) | 52.73 | POSITIVE | The high ADX value value for MTC suggests a strong trend. |
3.16
+0.23 (+7.85%)
MMTEC INC / MTC FAQ
What is the technical rating for MTC stock?
ChartMill assigns a technical rating of 9 / 10 to MTC.
What is the current trend direction of MMTEC INC (MTC) stock?
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 64.5472. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MMTEC INC?
The short term momentum for MMTEC INC (MTC) is positive.
What are the support and resistance levels for MMTEC INC (MTC) stock?
MMTEC INC (MTC) has a support level at 2.92 and a resistance level at 3.24. Check the full technical report for our detailed analysis of MTC support and resistance levels.