Overall MTMT gets a technical rating of 2 out of 10. MTMT 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, MTMT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.75. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MTMT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.58
We found 2 important support areas.
- Support @1.64 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.60 to 1.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.75 to 1.77. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for MTMT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTMT is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | MTMT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTMT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.1 | NEUTRAL | The RSI value for MTMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MTMT has a positive trend. |
| Stochastics (14,3) | 57.75 | NEUTRAL | The Stochastics value for MTMT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for MTMT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.26 | NEGATIVE | The low ADX value for MTMT suggests a weak or negative trend. |
NYSEARCA:MTMT (2/3/2023, 8:04:02 PM)
1.7
-0.06 (-3.41%)
MEGA MATRIX CORP / MTMT FAQ
Can you provide the ChartMill technical rating for MEGA MATRIX CORP?
ChartMill assigns a technical rating of 2 / 10 to MTMT.
What is the trend direction for MTMT stock?
The current trend direction for MEGA MATRIX CORP (MTMT) is Bearish.
Can you provide the RSI signal for MEGA MATRIX CORP?
MEGA MATRIX CORP (MTMT) has an RSI value of 50.1039. This indicates that the stock is currently neutral.
What is the MACD signal for MEGA MATRIX CORP (MTMT) stock?
The MACD indicator for MEGA MATRIX CORP (MTMT) has a value of 0.00805544, indicating a bearish trend.