Meritor Inc (MTOR) Technical Analysis
NYSE:MTOR • US59001K1007
Current stock price
MTOR Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to MTOR. Both in the recent history as in the last year, MTOR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- MTOR is one of the better performing stocks in the Machinery industry, it outperforms 92% of 131 stocks in the same industry.
- MTOR is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MTOR is leading the market.
- 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.
- When comparing the yearly performance of all stocks, we notice that MTOR is one of the better performing stocks in the market, outperforming 93% of all 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.
MTOR Weekly and Daily overview Charts
MTOR Setup Rating and Analysis
Although MTOR has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
MTOR Support and Resistance Analysis
23.01
When analyzing the support we can see 4 important areas.
- 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.
MTOR 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 | UP | POSITIVE | The long term trend for MTOR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTOR is up. |
| ChartMill Relative Strength | 93.04 | POSITIVE | MTOR has a high relative strength, it outperformed 93.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTOR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTOR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTOR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.25 | NEUTRAL | The RSI value for MTOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MTOR has a positive trend. |
| Stochastics (14,3) | 93.69 | OVERBOUGHT | The high Stochastics value suggests MTOR may be overbought. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for MTOR suggests low volalility. |
MTOR Chart- and CandleStick Pattern Analysis
MTOR 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 36.52 | 36.30 | 0.22 (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 trade has a worst case loss of 0.22 points, which is 0.60%. | For a 0.15% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 Technicals: Chart, Performance Metrics, Trend & Indicators
36.5
+0.01 (+0.03%)
Meritor Inc / MTOR TA FAQ
What is the technical rating for MTOR stock?
ChartMill assigns a technical rating of 7 / 10 to MTOR.
Can you provide the trend direction for Meritor Inc?
The current trend direction for Meritor Inc (MTOR) is Bullish.
Can you provide the RSI signal for Meritor Inc?
Meritor Inc (MTOR) has an RSI value of 68.245. This indicates that the stock is currently neutral.
What is the MACD signal for Meritor Inc (MTOR) stock?
The MACD indicator for Meritor Inc (MTOR) has a value of 0.00699204, indicating a bearish trend.
What are the support and resistance levels for Meritor Inc (MTOR) stock?
Meritor Inc (MTOR) has a support level at 36.39 and a resistance level at 36.51. Check the full technical report for our detailed analysis of MTOR support and resistance levels.