Taking everything into account, MTC scores 9 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- MTC is one of the better performing stocks in the Software industry, it outperforms 97% of 278 stocks in the same industry.
- MTC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MTC is lagging the market slightly.
- In the last month MTC has a been trading in the 2.54 - 3.72 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that MTC is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
2.72
We found 2 important support areas.
- Support @2.88 from a trend line in the daily time frame.
- A support zone ranging from 2.75 to 2.79. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 96.26 | POSITIVE | MTC has a high relative strength, it outperformed 96.26% 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) | 63.46 | NEUTRAL | The RSI value for MTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests MTC has a positive trend. |
| Stochastics (14,3) | 76.97 | NEUTRAL | The Stochastics value for MTC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.71 | HIGH VOLATILITY | The high ATR as a percentage value for MTC suggests high volalility. |
| Average Directional Index/ADX (14) | 23.33 | NEUTRAL | The ADX value for MTC suggests a possible start of a new trend. |
3.63
+0.51 (+16.35%)
MMTEC INC / MTC 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 63.4611. 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 0.065075, 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.