MMTEC INC (MTC) Stock Technical Analysis
NASDAQ:MTC - Nasdaq - VGG6181K1223 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to MTC. MTC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
96% of all other stocks performed better in the past year than MTC.
MTC is part of the Software industry. There are 281 other stocks in this industry, of which 85% are performing better than MTC.
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 0.85 - 1.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MTC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.96. Right above this resistance zone may be a good entry point.
More info and screens
0.88
1.08
We found 1 important support area.
- Support @0.89 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.96 to 0.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.01 from a trend line in the daily time frame.
- Resistance @1.07 from a horizontal line in the daily time frame.
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 | 4.39 | NEGATIVE | MTC has a low relative strength, it was outperformed by 95.61% 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) | 41.81 | 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) | 54.1 | NEUTRAL | The Stochastics value for MTC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.93 | HIGH VOLATILITY | The high ATR as a percentage value for MTC suggests high volalility. |
| Average Directional Index/ADX (14) | 21.94 | NEUTRAL | The ADX value for MTC suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.9013
-0.06 (-6.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-6.11%
1 Week-6.73%
2 Weeks-0.96%
1 Month-14.26%
3 Month-23.1%
6 Month-36.97%
12 Month-60.5%
2 Year-86.28%
3 Year-92.68%
5 Year-99.13%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%6.93%
ATR Inc-7.23%
Range Today0.04
ADR(20)0.06
ADR(20)%6.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.39
Mansfield-5.08
10 Day High0.99
10 Day Low0.86
20 Day High1.07
20 Day Low0.85
52 Week High6.42
52 Week Low0.76
CS1 End0.89
CR1 Start0.96
Volume & EV
DER(3)-6.8%
DER(5)-0.83%
Volume8.70K
Volume Incr-65.12%
Vol(5)26.80K
Vol(50)73.95K