MTU Technical Analysis - MANITOU BF

Technical Rating and Analysis

Overall MTU gets a technical rating of 0 out of 10. MTU 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

74% of all other stocks performed better in the past year than MTU.

MTU is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Warning: MTU has an average volume of 12131 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

MTU is an average performer in the Machinery industry, it outperforms 48% of 103 stocks in the same industry.

MTU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MTU is lagging the market.

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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

The technical rating of MTU 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

15.54

22.78

We found 3 important support areas.

A support zone ranging from 17.88 to 18.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @16.57 from a trend line in the weekly time frame.
A support zone ranging from 15.70 to 15.94. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 19.84 to 20.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 20.65 to 21.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @22.55 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The long term trend for MTU.PA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MTU.PA is down.
ChartMill Relative Strength	26.43	NEGATIVE	MTU.PA has a low relative strength, it was outperformed by 73.57% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MTU.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MTU.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of MTU.PA is below the rising SMA(200).
Relative Strength Index/RSI (14)	42.05	NEUTRAL	The RSI value for MTU.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests MTU.PA has a positive trend.
Stochastics (14,3)	36.68	NEUTRAL	The Stochastics value for MTU.PA is a neutral value.
Average True Range in percent/ATR (20)	2.48	MEDIUM VOLATILITY	The ATR as a percentage value for MTU.PA suggests some volalility.
Average Directional Index/ADX (14)	24.49	NEUTRAL	The ADX value for MTU.PA suggests a possible start of a new trend.