MINGTENG INT CORP-A (MTEN) Technical Analysis
NASDAQ:MTEN • KYG6S85D1170
Current stock price
MTEN Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MTEN. MTEN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MTEN is a bad performer in the overall market: 100% of all stocks are doing better.
- MTEN is part of the Automobile Components industry. There are 42 other stocks in this industry, of which 92% are performing better than MTEN.
- MTEN 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month MTEN has a been trading in the 1.15 - 1.39 range, which is quite wide. It is currently trading near the high of this range.
MTEN Weekly and Daily overview Charts
MTEN Setup Rating and Analysis
Although the technical rating is bad, MTEN does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
MTEN Support and Resistance Analysis
1.19
When analyzing the support we notice one important area.
- A support zone ranging from 1.20 to 1.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @1.38 from a horizontal line in the daily time frame.
MTEN Technical Indicator Signal Analysis
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 | 0.92 | NEGATIVE | MTEN has a low relative strength, it was outperformed by 99.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MTEN is above 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) | 26.95 | OVERSOLD | The low RSI value suggests MTEN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests MTEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.81 | NEUTRAL | The Stochastics value for MTEN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.64 | HIGH VOLATILITY | The high ATR as a percentage value for MTEN suggests high volalility. |
| Average Directional Index/ADX (14) | 3.9 | NEGATIVE | The low ADX value for MTEN suggests a weak or negative trend. |
MTEN Chart- and CandleStick Pattern Analysis
MTEN Technicals: Chart, Performance Metrics, Trend & Indicators
1.3
-0.08 (-5.8%)
MINGTENG INT CORP-A / MTEN TA FAQ
Can you provide the ChartMill technical rating for MINGTENG INT CORP-A?
ChartMill assigns a technical rating of 0 / 10 to MTEN.
What is the trend direction for MTEN stock?
The current trend direction for MINGTENG INT CORP-A (MTEN) is Bearish.
What is the RSI signal for MINGTENG INT CORP-A (MTEN) stock?
MINGTENG INT CORP-A (MTEN) has an RSI value of 26.9526. This indicates that the stock is currently oversold.
Can you provide the MACD signal for MINGTENG INT CORP-A?
The MACD indicator for MINGTENG INT CORP-A (MTEN) has a value of 0.4952, indicating a bearish trend.
What is the buy/sell signal for MTEN stock?
The buy/sell signal for MINGTENG INT CORP-A (MTEN) is sell as both the short term and long term trends are negative.