MARIS - TECH LTD (MTEK) Stock Technical Analysis
NASDAQ:MTEK - Nasdaq - IL0011789042 - Common Stock - Currency: USD
Taking everything into account, MTEK 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, MTEK is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
MTEK is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry. MTEK outperforms 81% of them.
Looking at the yearly performance, MTEK did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
MTEK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MTEK is lagging the market slightly.
In the last month MTEK has a been trading in the 1.99 - 3.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although MTEK has an excellent technical rating, it does not present a decent entry opportunity 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
1.78
3.47
When analyzing the support we can see 3 important areas.
- Support @2.20 from a trend line in the daily time frame.
- Support @1.92 from a trend line in the weekly time frame.
- A support zone ranging from 1.80 to 1.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.44 to 3.44. 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 MTEK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTEK is up. |
| ChartMill Relative Strength | 95.48 | POSITIVE | MTEK has a high relative strength, it outperformed 95.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTEK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTEK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTEK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.2 | NEUTRAL | The RSI value for MTEK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MTEK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.88 | NEUTRAL | The Stochastics value for MTEK is a neutral value. |
| Average True Range in percent/ATR (20) | 10.95 | HIGH VOLATILITY | The high ATR as a percentage value for MTEK suggests high volalility. |
| Average Directional Index/ADX (14) | 43.82 | POSITIVE | The high ADX value value for MTEK suggests a strong 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)
3.06
-0.37 (-10.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-10.79%
1 Week0%
2 Weeks23.64%
1 Month41.67%
3 Month18.6%
6 Month-36.25%
12 Month106.76%
2 Year183.33%
3 Year175.68%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%10.95%
ATR Inc176.73%
Range Today0.66
ADR(20)0.33
ADR(20)%10.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.48
Mansfield2.33
10 Day High3.78
10 Day Low2.36
20 Day High3.78
20 Day Low1.99
52 Week High6.47
52 Week Low1.45
CS1 End2.2
CR1 Start3.44
Volume & EV
DER(3)1.97%
DER(5)-3.49%
Volume230.80K
Volume Incr148.32%
Vol(5)266.76K
Vol(50)78.67K