NYSE:MTN - New York Stock Exchange, Inc. - US91879Q1094 - Common Stock - Currency: USD
Taking everything into account, MTN scores 5 out of 10 in our technical rating. MTN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, MTN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 158.05, a Stop Loss order could be placed below this zone.
154.16
When analyzing the support we notice one important area.
When analyzing the resistance we notice 2 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 MTN is neutral. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTN is neutral. |
ChartMill Relative Strength | 38.54 | NEUTRAL | MTN is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of MTN is below the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTN is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTN is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 49.75 | NEUTRAL | The RSI value for MTN is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.88 | NEGATIVE | The MACD value suggests MTN has a negative trend. |
Stochastics (14,3) | 21.5 | NEUTRAL | The Stochastics value for MTN is a neutral value. |
Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for MTN suggests some volalility. |
Average Directional Index/ADX (14) | 18.01 | NEGATIVE | The low ADX value for MTN suggests a weak or negative trend. |
159.24
+1.18 (+0.75%)