METACRINE INC (MTCR) Stock Technical Analysis
USA - NASDAQ:MTCR - US59101E1038 - Common Stock
We assign a technical rating of 7 out of 10 to MTCR. Although MTCR has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Although MTCR has an excellent technical rating, the quality of the presented setup is not ideal 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.
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0.35
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.43 to 0.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.39 from a horizontal line in the weekly time frame.
- Support @0.35 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.51 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for MTCR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTCR is up. |
| ChartMill Relative Strength | 86.79 | POSITIVE | MTCR has a high relative strength, it outperformed 86.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTCR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTCR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTCR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.93 | NEUTRAL | The RSI value for MTCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MTCR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.96 | NEUTRAL | The Stochastics value for MTCR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for MTCR suggests high volalility. |
| Average Directional Index/ADX (14) | 14.97 | NEGATIVE | The low ADX value for MTCR suggests a weak or negative trend. |
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0 (-0.02%)
METACRINE INC / MTCR FAQ
Can you provide the ChartMill technical rating for METACRINE INC?
ChartMill assigns a technical rating of 6 / 10 to MTCR.
Can you provide the trend direction for METACRINE INC?
The current trend direction for METACRINE INC (MTCR) is Bearish.
What is the RSI signal for MTCR stock?
METACRINE INC (MTCR) has an RSI value of 58.9275. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for METACRINE INC?
METACRINE INC (MTCR) has a support level at 0.43 and a resistance level at 0.51. Check the full technical report for our detailed analysis of MTCR support and resistance levels.