MTRK Technical Analysis - MOTORK PLC

Technical Rating and Analysis

Taking everything into account, MTRK scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MTRK was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, MTRK is a bad performer in the overall market: 87% of all stocks are doing better.

MTRK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Warning: MTRK has an average volume of 13171 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

MTRK is part of the Software industry. There are 101 other stocks in this industry, MTRK did better than 54% of them.

In the last month MTRK has a been trading in the 3.73 - 4.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

MTRK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.67

5.41

We found 3 important support areas.

Support @3.99 from a trend line in the daily time frame.
A support zone ranging from 3.78 to 3.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 3.71 to 3.72. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice 5 important areas.

A resistance zone ranging from 4.25 to 4.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 4.49 to 4.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @4.74 from a trend line in the daily time frame.
Resistance @5.00 from a horizontal line in the daily time frame.
Resistance @5.36 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for MTRK.AS is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for MTRK.AS is neutral.
ChartMill Relative Strength	13.15	NEGATIVE	MTRK.AS has a low relative strength, it was outperformed by 86.85% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MTRK.AS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MTRK.AS is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MTRK.AS is below a declining SMA(200).
Relative Strength Index/RSI (14)	52.25	NEUTRAL	The RSI value for MTRK.AS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests MTRK.AS has a positive trend, although the MACD value is declining.
Stochastics (14,3)	66.23	NEUTRAL	The Stochastics value for MTRK.AS is a neutral value.
Average True Range in percent/ATR (20)	4.06	MEDIUM VOLATILITY	The ATR as a percentage value for MTRK.AS suggests some volalility.
Average Directional Index/ADX (14)	16.12	NEGATIVE	The low ADX value for MTRK.AS suggests a weak or negative trend.