MINGTENG INTERNATIONAL CORP (MTEN) Stock Technical Analysis
NASDAQ:MTEN - Nasdaq - KYG6S85D1097 - Common Stock - Currency: USD
Overall MTEN gets a technical rating of 8 out of 10. In the last year, MTEN was one of the better performers, but we do observe some doubts in the very recent evolution.
When comparing the yearly performance of all stocks, we notice that MTEN is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, MTEN also shows a nice and consistent pattern of rising prices.
MTEN is part of the Automobile Components industry. There are 81 other stocks in this industry. MTEN outperforms 98% of them.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
MTEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MTEN is lagging the market.
In the last month MTEN has a been trading in the 8.27 - 13.39 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.
Besides having an excellent technical rating, MTEN 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.
More info and screens
9.30
12.36
When analyzing the support we notice one important area.
- Support @9.39 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @12.24 from a trend 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 | UP | POSITIVE | The long term trend for MTEN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MTEN is down. |
| ChartMill Relative Strength | 99.05 | POSITIVE | MTEN has a high relative strength, it outperformed 99.05% 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) | UP | MIXED | The current price of MTEN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.74 | NEUTRAL | The RSI value for MTEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests MTEN has a negative trend. |
| Stochastics (14,3) | 30.21 | NEUTRAL | The Stochastics value for MTEN is a neutral value. |
| Average True Range in percent/ATR (20) | 12.28 | HIGH VOLATILITY | The high ATR as a percentage value for MTEN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.86 | POSITIVE | The high ADX value value for MTEN 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)
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 |
|---|---|---|---|
| 11.13 | 9.38 | 1.75 (15.70%) | 6.37% |
| An entry @11.13. This is a Buy Stop order right above the 10 day moving average. | An exit @9.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.75 points, which is 15.70%. | When investing 6.37% 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 MTEN. 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.
NASDAQ:MTEN (7/3/2025, 7:51:31 PM)
9.8
-0.45 (-4.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-4.39%
1 Week-23.32%
2 Weeks-18.94%
1 Month-20.68%
3 Month143.78%
6 Month62.79%
12 Month341.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.48
ATR(20)%12.28%
ATR Inc-12.15%
Range Today1.34
ADR(20)1.17
ADR(20)%11.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.05
Mansfield4.06
10 Day High13.39
10 Day Low8.27
20 Day High13.39
20 Day Low8.27
52 Week High16.6
52 Week Low1.81
CS1 End9.39
CR1 Start12.24
Volume & EV
DER(3)-2.56%
DER(5)-4.97%
Volume23.60K
Volume Incr-56.58%
Vol(5)26.12K
Vol(50)70.93K