Meritor Inc (MTOR)

US59001K1007 - Common Stock

36.5  +0.01 (+0.03%)

After market: 36.51 +0.01 (+0.03%)

Technical Rating and Analysis

8

Overall MTOR gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MTOR is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
MTOR is part of the Machinery industry. There are 132 other stocks in this industry. MTOR outperforms 90% of them.
A new 52 week high is currently being made by MTOR, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
MTOR has an average volume of 1165590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MTOR did better than 93% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month MTOR has a been trading in a tight range between 36.23 and 36.50.
Weekly and Daily overview Charts
MTOR Weekly chart
MTOR Daily chart
Setup Rating and Analysis

7

MTOR has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

23.01

36.88

4 important support areas can be observed.

  • A support zone ranging from 35.90 to 36.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @34.94 from a horizontal line in the daily time frame.
  • Support @23.98 from a trend line in the weekly time frame.
  • Support @23.24 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 36.51 to 36.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.04
Mansfield2.84
10 Day High36.5
10 Day Low36.31
20 Day High36.5
20 Day Low36.23
52 Week High36.5
52 Week Low20.5
Performance
1 Week0.5%
2 Weeks0.41%
1 Month0.52%
3 Month1.36%
6 Month55.58%
12 Month46.82%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)68.25
LBB36.26
UBB36.5
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
36.5236.300.22 (0.60%)25.00%
An entry @36.52. This is a Buy Stop order right above the resistance zone.An exit @36.30. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.22 points, which is 0.60%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MTOR Daily chart

Meritor Inc

NYSE:MTOR (8/2/2022, 7:22:39 PM)

After market: 36.51 +0.01 (+0.03%)

36.5

+0.01 (+0.03%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.03%
1 Week0.5%
2 Weeks0.41%
1 Month0.52%
3 Month1.36%
6 Month55.58%
12 Month46.82%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.06
ATR(20)%0.21%
ATR Inc
Range Today0.02
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High36.5
10 Day Low36.31
20 Day High36.5
20 Day Low36.23
52 Week High36.5
52 Week Low20.5
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.54M
Volume Incr22.09%
Vol(5)1.35M
Vol(50)1.17M