MTEN Technical Analysis - MINGTENG INT CORP-A

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.

95% of all other stocks performed better in the past year than MTEN.

MTEN is one of the lesser performing stocks in the Automobile Components industry. 95% of 81 stocks in the same industry do better.

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.

In the last month MTEN has a been trading in the 3.77 - 12.75 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

MINGTENG INT CORP-A / MTEN Weekly stock chart

MINGTENG INT CORP-A / MTEN Daily stock chart

Setup Rating and Analysis

The technical rating of MTEN is bad and it also does not present a quality setup 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

3.97

8.52

We found 1 important support area.

Support @4.01 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

Resistance @8.44 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	5.03	NEGATIVE	MTEN has a low relative strength, it was outperformed by 94.97% 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)	24.87	OVERSOLD	The low RSI value suggests MTEN may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.4	NEGATIVE	The MACD value suggests MTEN has a negative trend, although the MACD value is rising.
Stochastics (14,3)	15.98	OVERSOLD	The low Stochastics value suggests MTEN may be oversold.
Average True Range in percent/ATR (20)	31.98	HIGH VOLATILITY	The high ATR as a percentage value for MTEN suggests high volalility.
Average Directional Index/ADX (14)	44.87	POSITIVE	The high ADX value value for MTEN suggests a strong trend.