MESA ROYALTY TRUST (MTR) Stock Technical Analysis
USA - NYSE:MTR - US5906601068
We assign a technical rating of 0 out of 10 to MTR. MTR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of MTR is bad and it also does not present a quality setup 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
4.41
3 important resistance areas can be observed.
- A resistance zone ranging from 5.11 to 5.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.36 from a trend line in the weekly time frame.
- Resistance @5.46 from a trend 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 | DOWN | NEGATIVE | The long term trend for MTR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MTR is down. |
| ChartMill Relative Strength | 11.13 | NEGATIVE | MTR has a low relative strength, it was outperformed by 88.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.66 | NEUTRAL | The RSI value for MTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MTR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.1 | OVERSOLD | The low Stochastics value suggests MTR may be oversold. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for MTR suggests some volalility. |
| Average Directional Index/ADX (14) | 22.48 | NEUTRAL | The ADX value for MTR suggests a possible start of a new trend. |
4.45
+0.08 (+1.95%)
MESA ROYALTY TRUST / MTR FAQ
What is the ChartMill technical rating of MESA ROYALTY TRUST (MTR) stock?
ChartMill assigns a technical rating of 0 / 10 to MTR.
Can you provide the trend direction for MESA ROYALTY TRUST?
The current trend direction for MESA ROYALTY TRUST (MTR) is Bearish.
What is the RSI signal for MTR stock?
MESA ROYALTY TRUST (MTR) has an RSI value of 31.6636. This indicates that the stock is currently neutral.
What is the short term momentum for MTR stock?
The short term momentum for MESA ROYALTY TRUST (MTR) is negative.
What is the buy/sell signal for MTR stock?
The buy/sell signal for MESA ROYALTY TRUST (MTR) is sell as both the short term and long term trends are negative.