ISHARES MSCI USA MOMENTUM FA (MTUM) Stock Technical Analysis
NYSEARCA:MTUM - NYSE Arca - US46432F3964 - ETF - Currency: USD
Taking everything into account, MTUM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MTUM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MTUM is one of the better performing stocks in the market, outperforming 85% of all stocks.
MTUM 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 MTUM is leading the market.
In the last month MTUM has a been trading in the 212.60 - 234.63 range, which is quite wide. It is currently trading near the high of this range.
MTUM has an average volume of 1013130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MTUM has an excellent technical rating, but the quality of the setup is only medium 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
177.61
237.03
We found 3 important support areas.
- A support zone ranging from 225.72 to 229.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 186.03 to 186.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @179.40 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 234.31 to 234.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MTUM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTUM is up. |
| ChartMill Relative Strength | 85.65 | POSITIVE | MTUM has a high relative strength, it outperformed 85.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTUM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTUM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTUM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.89 | OVERBOUGHT | The high RSI value suggests MTUM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests MTUM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.77 | OVERBOUGHT | The high Stochastics value suggests MTUM may be overbought. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for MTUM suggests low volalility. |
| Average Directional Index/ADX (14) | 23.64 | NEUTRAL | The ADX value for MTUM suggests a possible start of a new 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)
234.3
+0.8 (+0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.34%
1 Week1.61%
2 Weeks1.34%
1 Month8.45%
3 Month14.66%
6 Month7.7%
12 Month23.78%
2 Year62.43%
3 Year71.81%
5 Year78.86%
10 Year227.97%
15 YearN/A
Volatility
ATR(14)3.01
ATR(20)%1.44%
ATR Inc-22.47%
Range Today1.75
ADR(20)2.96
ADR(20)%1.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.65
Mansfield0.88
10 Day High234.63
10 Day Low223.47
20 Day High234.63
20 Day Low212.6
52 Week High234.63
52 Week Low168.49
CS1 End229.88
CR1 Start234.31
Volume & EV
DER(3)2.24%
DER(5)1.5%
Volume1.58M
Volume Incr-2.17%
Vol(5)1.02M
Vol(50)1.01M