We assign a technical rating of 0 out of 10 to MTEN. MTEN'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.
MTEN has a poor technical rating and the quality of the setup is also only medium 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.
2.02
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 MTEN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MTEN is down. |
| ChartMill Relative Strength | 0.02 | NEGATIVE | MTEN has a low relative strength, it was outperformed by 99.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTEN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTEN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23 | OVERSOLD | The low RSI value suggests MTEN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.69 | POSITIVE | The MACD value suggests MTEN has a positive trend. |
| Stochastics (14,3) | 0.17 | OVERSOLD | The low Stochastics value suggests MTEN may be oversold. |
| Average True Range in percent/ATR (20) | 1497.52 | HIGH VOLATILITY | The high ATR as a percentage value for MTEN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.55 | NEGATIVE | The low ADX value for MTEN suggests a weak or negative trend. |
2.04
-0.31 (-13.19%)
ChartMill assigns a technical rating of 0 / 10 to MTEN.
The current trend direction for MINGTENG INT CORP-A (MTEN) is Bearish.
MINGTENG INT CORP-A (MTEN) has an RSI value of 22.9987. This indicates that the stock is currently oversold.
The short term momentum for MINGTENG INT CORP-A (MTEN) is negative.