MESA ROYALTY TRUST (MTR) Stock Technical Analysis
NYSE:MTR - New York Stock Exchange, Inc. - US5906601068 - Currency: USD
Taking everything into account, MTR scores 8 out of 10 in our technical rating. MTR has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MTR is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. MTR outperforms 83% of them.
MTR 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 MTR is leading the market.
In the last month MTR has a been trading in the 4.88 - 10.42 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that MTR is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MTR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.86
8.84
We found 1 important support area.
- Support @4.91 from a horizontal line 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 MTR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTR is up. |
| ChartMill Relative Strength | 86.95 | POSITIVE | MTR has a high relative strength, it outperformed 86.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 83.09 | OVERBOUGHT | The high RSI value suggests MTR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests MTR has a positive trend. |
| Stochastics (14,3) | 72.85 | NEUTRAL | The Stochastics value for MTR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.58 | HIGH VOLATILITY | The high ATR as a percentage value for MTR suggests high volalility. |
| Average Directional Index/ADX (14) | 44.6 | POSITIVE | The high ADX value value for MTR suggests a strong trend. |
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)
8.75
+2.22 (+34.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg34.1%
1 Week74.3%
2 Weeks73.27%
1 Month72.02%
3 Month39.33%
6 Month37.15%
12 Month5.74%
2 Year-64.46%
3 Year-19.8%
5 Year69.9%
10 Year-37.5%
15 Year-80.94%
Volatility
ATR(14)0.65
ATR(20)%5.58%
ATR Inc603.36%
Range Today3.31
ADR(20)0.44
ADR(20)%4.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.95
Mansfield3.04
10 Day High10.42
10 Day Low4.91
20 Day High10.42
20 Day Low4.88
52 Week High10.42
52 Week Low4.7
CS1 End4.91
CR1 StartN/A
Volume & EV
DER(3)3.09%
DER(5)-0.39%
Volume2.37M
Volume Incr11327.35%
Vol(5)559.94K
Vol(50)60.54K