MMTEC INC (MTC) Technical Analysis
NASDAQ:MTC • VGG6181K1223
Current stock price
MTC Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to MTC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MTC is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that MTC is one of the better performing stocks in the market, outperforming 99% of all stocks.
- MTC is one of the better performing stocks in the Software industry, it outperforms 99% of 278 stocks in the same industry.
- MTC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MTC is performing more or less in line with the market.
- In the last month MTC has a been trading in the 4.15 - 7.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
MTC Weekly and Daily overview Charts
MTC Setup Rating and Analysis
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
MTC Support and Resistance Analysis
3.88
3 important support areas can be observed.
- Support @5.58 from a trend line in the daily time frame.
- Support @4.25 from a trend line in the daily time frame.
- Support @3.92 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for MTC is neutral. |
| ChartMill Relative Strength | 99.55 | POSITIVE | MTC has a high relative strength, it outperformed 99.55% 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) | 63.93 | NEUTRAL | The RSI value for MTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MTC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.91 | OVERBOUGHT | The high Stochastics value suggests MTC may be overbought. |
| Average True Range in percent/ATR (20) | 8.11 | HIGH VOLATILITY | The high ATR as a percentage value for MTC suggests high volalility. |
| Average Directional Index/ADX (14) | 48.61 | 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
6.23
-0.72 (-10.36%)
MMTEC INC / MTC TA FAQ
What is the technical rating for MTC stock?
ChartMill assigns a technical rating of 9 / 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 63.931. 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 0.0639986, indicating a bearish trend.
What is the short term momentum for MMTEC INC (MTC) stock?
The short term momentum for MMTEC INC (MTC) is neutral.