MTEN Technical Analysis - MINGTENG INTERNATIONAL CORP

Technical Rating and Analysis

Overall MTEN gets a technical rating of 5 out of 10. Although MTEN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Looking at the yearly performance, MTEN did better than 95% of all other stocks.

MTEN is part of the Automobile Components industry. There are 80 other stocks in this industry. MTEN outperforms 92% of them.

In the last month MTEN has a been trading in the 10.09 - 13.29 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MINGTENG INTERNATIONAL CORP / MTEN Weekly stock chart

MINGTENG INTERNATIONAL CORP / MTEN Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, MTEN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 11.57, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

10.77

12.89

2 important support areas can be observed.

A support zone ranging from 11.43 to 11.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @10.88 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 12.11 to 12.14. This zone is formed by a combination of multiple trend lines in the weekly time frame.
A resistance zone ranging from 12.59 to 12.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for MTEN is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MTEN is down.
ChartMill Relative Strength	95.43	POSITIVE	MTEN has a high relative strength, it outperformed 95.43% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MTEN is above the rising 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)	45.72	NEUTRAL	The RSI value for MTEN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests MTEN has a positive trend.
Stochastics (14,3)	50.41	NEUTRAL	The Stochastics value for MTEN is a neutral value.
Average True Range in percent/ATR (20)	9.09	HIGH VOLATILITY	The high ATR as a percentage value for MTEN suggests high volalility.
Average Directional Index/ADX (14)	13.26	NEGATIVE	The low ADX value for MTEN suggests a weak or negative trend.