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.
MTC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. 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.
More info and screens
2.43
When analyzing the support we can see 2 important areas.
- Support @2.59 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.45 to 2.47. 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 | 96.75 | POSITIVE | MTC has a high relative strength, it outperformed 96.75% 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) | 64.88 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 49.29 | NEUTRAL | The Stochastics value for MTC is a neutral value. |
| Average True Range in percent/ATR (20) | 25.99 | HIGH VOLATILITY | The high ATR as a percentage value for MTC suggests high volalility. |
| Average Directional Index/ADX (14) | 56.72 | POSITIVE | The high ADX value value for MTC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.48 | 1.87 | 0.61 (24.60%) | 4.07% |
| An entry @2.48. This is a Buy Stop order right above the resistance zone. | An exit @1.87. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.61 points, which is 24.60%. | When investing 4.07% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MTC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.72
+0.26 (+10.57%)
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 64.8817. 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 resistance level at 2.47. Check the full technical report for our detailed analysis of MTC support and resistance levels.