ISHARES MSCI USA MOMENTUM FA (MTUM) Stock Technical Analysis
USA - NYSEARCA:MTUM - US46432F3964 - ETF
We assign a technical rating of 9 out of 10 to MTUM. Both in the recent history as in the last year, MTUM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, MTUM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 256.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 255.99, a Stop Loss order could be placed below this zone.
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177.61
We found 5 important support areas.
- A support zone ranging from 253.12 to 255.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @236.25 from a horizontal line in the daily time frame.
- Support @229.95 from a horizontal line in the daily time frame.
- Support @185.25 from a trend line in the weekly time frame.
- 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 256.82 to 257.70. 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 | 76.66 | POSITIVE | MTUM has a high relative strength, it outperformed 76.66% 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) | 61.54 | NEUTRAL | The RSI value for MTUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests MTUM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.79 | NEUTRAL | The Stochastics value for MTUM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.87 | LOW VOLATILITY | The low ATR as a percentage value for MTUM suggests low volalility. |
| Average Directional Index/ADX (14) | 20.09 | NEUTRAL | The ADX value for MTUM suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 257.71 | 253.11 | 4.60 (1.78%) | 25.00% |
| An entry @257.71. This is a Buy Stop order right above the resistance zone. | An exit @253.11. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.60 points, which is 1.78%. | For a 0.45% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
256.04
+0.12 (+0.05%)