MTEX Technical Analysis - MANNATECH INC

Technical Rating and Analysis

Overall MTEX gets a technical rating of 4 out of 10. Although MTEX 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.

MTEX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Warning: MTEX has an average volume of 4774 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

MTEX is part of the Personal Care Products industry. There are 35 other stocks in this industry. MTEX outperforms 79% of them.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

Looking at the yearly performance, MTEX did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.

In the last month MTEX has a been trading in the 8.69 - 11.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

MTEX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MTEX in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.78

14.23

3 important support areas can be observed.

A support zone ranging from 8.79 to 8.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 8.31 to 8.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @7.86 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 6 important areas.

A resistance zone ranging from 9.81 to 10.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @10.24 from a trend line in the daily time frame.
A resistance zone ranging from 10.61 to 10.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @11.80 from a horizontal line in the daily time frame.
Resistance @12.25 from a horizontal line in the daily time frame.
Resistance @14.09 from a trend line in the weekly time frame.

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What is Support and Resistance

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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 MTEX is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for MTEX is neutral.
ChartMill Relative Strength	85.18	POSITIVE	MTEX has a high relative strength, it outperformed 85.18% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MTEX is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of MTEX is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of MTEX is below the rising SMA(200).
Relative Strength Index/RSI (14)	46.64	NEUTRAL	The RSI value for MTEX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests MTEX has a negative trend, although the MACD value is rising.
Stochastics (14,3)	29.71	NEUTRAL	The Stochastics value for MTEX is a neutral value.
Average True Range in percent/ATR (20)	7.51	HIGH VOLATILITY	The high ATR as a percentage value for MTEX suggests high volalility.
Average Directional Index/ADX (14)	19.3	NEGATIVE	The low ADX value for MTEX suggests a weak or negative trend.