MANNATECH INC (MTEX) Stock Technical Analysis
NASDAQ:MTEX - US5637712036 - Common Stock
9.1 USD
+0.25 (+2.82%)
8.35 USD
-0.75 (-8.24%)
Overall MTEX gets a technical rating of 1 out of 10. MTEX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
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 18022 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the performance of all stocks over the past year, MTEX turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
MTEX is an average performer in the Personal Care Products industry, it outperforms 67% of 35 stocks in the same industry.
In the last month MTEX has a been trading in the 7.55 - 10.85 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.
MTEX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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.
More info and screens
7.44
12.37
We found 4 important support areas.
- A support zone ranging from 8.91 to 8.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.98 from a trend line in the weekly time frame.
- Support @7.85 from a horizontal line in the weekly time frame.
- A support zone ranging from 7.52 to 7.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @9.11 from a horizontal line in the weekly time frame.
- Resistance @9.60 from a trend line in the daily time frame.
- Resistance @10.00 from a horizontal line in the daily time frame.
- Resistance @11.80 from a horizontal line in the daily time frame.
- Resistance @12.25 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for MTEX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTEX is neutral. |
| ChartMill Relative Strength | 44.89 | NEUTRAL | MTEX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MTEX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MTEX is above a declining 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) | 51.07 | NEUTRAL | The RSI value for MTEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MTEX has a positive trend. |
| Stochastics (14,3) | 36.83 | NEUTRAL | The Stochastics value for MTEX is a neutral value. |
| Average True Range in percent/ATR (20) | 10.89 | HIGH VOLATILITY | The high ATR as a percentage value for MTEX suggests high volalility. |
| Average Directional Index/ADX (14) | 31.98 | POSITIVE | The high ADX value value for MTEX 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)
9.1
+0.25 (+2.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryPersonal Care Products
Performance
% Chg2.82%
1 Week5.04%
2 Weeks1.61%
1 Month-6.21%
3 Month-11.41%
6 Month-21.68%
12 Month17.22%
2 Year-32.75%
3 Year-62.13%
5 Year-52.98%
10 Year-47.69%
15 Year-61.69%
Volatility
ATR(14)0.84
ATR(20)%10.89%
ATR Inc-36.99%
Range Today0.36
ADR(20)0.88
ADR(20)%9.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.89
Mansfield-1.69
10 Day High10.85
10 Day Low8
20 Day High10.85
20 Day Low7.55
52 Week High16.49
52 Week Low7.05
CS1 End7.98
CR1 Start8.91
Volume & EV
DER(3)27.78%
DER(5)17.01%
Volume2.68K
Volume Incr-53.3%
Vol(5)9.56K
Vol(50)18.02K