MTLO Technical Analysis - MARTELLO TECHNOLOGIES GROUP

Technical Rating and Analysis

Taking everything into account, MTLO scores 5 out of 10 in our technical rating. MTLO was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

MTLO is one of the better performing stocks in the IT Services industry, it outperforms 81% of 12 stocks in the same industry.

A new 52 week high is currently being made by MTLO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month MTLO has a been trading in the 0.01 - 0.01 range, which is quite wide. It is currently trading near the high of this range.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

Looking at the yearly performance, MTLO did better than 80% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

Considerably lower volume is observed 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

MARTELLO TECHNOLOGIES GROUP / MTLO Weekly stock chart

MARTELLO TECHNOLOGIES GROUP / MTLO Daily stock chart

Setup Rating and Analysis

MTLO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.01, 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

0.01

0.02

We found 1 important support area.

A support zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

Strong resistance @0.01 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for MTLO.CA is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for MTLO.CA is neutral.
ChartMill Relative Strength	80.38	POSITIVE	MTLO.CA has a high relative strength, it outperformed 80.38% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MTLO.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of MTLO.CA is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of MTLO.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)	56.22	NEUTRAL	The RSI value for MTLO.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests MTLO.CA has a positive trend.
Stochastics (14,3)	100	OVERBOUGHT	The high Stochastics value suggests MTLO.CA may be overbought.
Average True Range in percent/ATR (20)	28.33	HIGH VOLATILITY	The high ATR as a percentage value for MTLO.CA suggests high volalility.
Average Directional Index/ADX (14)	49.77	POSITIVE	The high ADX value value for MTLO.CA suggests a strong trend.