Taking everything into account, MTLS scores 2 out of 10 in our technical rating. MTLS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, MTLS does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
4.87
5 important support areas can be observed.
When analyzing the resistance we notice 3 important areas.
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 MTLS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTLS is neutral. |
| ChartMill Relative Strength | 16.38 | NEGATIVE | MTLS has a low relative strength, it was outperformed by 83.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTLS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTLS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTLS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.06 | NEUTRAL | The RSI value for MTLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MTLS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.52 | NEUTRAL | The Stochastics value for MTLS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for MTLS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.46 | NEGATIVE | The low ADX value for MTLS suggests a weak or negative trend. |
5.74
+0.22 (+3.99%)
ChartMill assigns a technical rating of 2 / 10 to MTLS.
The current trend direction for MATERIALISE NV-ADR (MTLS) is Bearish.
MATERIALISE NV-ADR (MTLS) has an RSI value of 51.0641. This indicates that the stock is currently neutral.
The MACD indicator for MATERIALISE NV-ADR (MTLS) has a value of -0.00248619, indicating a bearish trend.