MTC Technical Analysis - MMTEC INC

Technical Rating and Analysis

Taking everything into account, MTC scores 0 out of 10 in our technical rating. MTC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

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

MTC is one of the lesser performing stocks in the Software industry. 83% of 281 stocks in the same industry do better.

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.

In the last month MTC has a been trading in the 0.78 - 1.80 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

MTC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.79

1.14

When analyzing the support we notice one important area.

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 0.93 to 0.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.06 from a trend line in the daily time frame.
Resistance @1.13 from a trend line in the daily time frame.

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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	DOWN	NEGATIVE	The short term trend for MTC is down.
ChartMill Relative Strength	6.35	NEGATIVE	MTC has a low relative strength, it was outperformed by 93.65% 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)	43.13	NEUTRAL	The RSI value for MTC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests MTC has a negative trend.
Stochastics (14,3)	7.58	OVERSOLD	The low Stochastics value suggests MTC may be oversold.
Average True Range in percent/ATR (20)	12.46	HIGH VOLATILITY	The high ATR as a percentage value for MTC suggests high volalility.
Average Directional Index/ADX (14)	35.94	POSITIVE	The high ADX value value for MTC suggests a strong trend.