Fount Metaverse ETF (MTVR) Stock Technical Analysis
NYSEARCA:MTVR - NYSE Arca - US3015055748 - ETF - Currency: USD
Taking everything into account, MTVR scores 8 out of 10 in our technical rating. Although MTVR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: MTVR has an average volume of 7692 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
MTVR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MTVR is performing more or less in line with the market.
When compared to the yearly performance of all other stocks, MTVR outperforms 65% of them, which is more or less in line with the market.
In the last month MTVR has a been trading in the 16.88 - 18.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although MTVR has an excellent technical rating, it does not present a decent entry opportunity 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
15.07
18.21
We found 4 important support areas.
- A support zone ranging from 16.79 to 17.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.36 from a horizontal line in the daily time frame.
- Support @16.03 from a horizontal line in the daily time frame.
- A support zone ranging from 15.22 to 15.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.78 to 18.03. This zone is formed by a combination of multiple trend lines and important moving averages 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 MTVR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTVR is up. |
| ChartMill Relative Strength | 65.52 | NEUTRAL | MTVR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTVR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTVR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTVR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.38 | NEUTRAL | The RSI value for MTVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MTVR has a negative trend. |
| Stochastics (14,3) | 50.77 | NEUTRAL | The Stochastics value for MTVR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for MTVR suggests low volalility. |
| Average Directional Index/ADX (14) | 25.05 | POSITIVE | The high ADX value value for MTVR suggests a strong 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)
NYSEARCA:MTVR (7/25/2023, 8:04:02 PM)
17.53
-0.02 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.11%
1 Week-2.77%
2 Weeks0.7%
1 Month4.01%
3 Month6.89%
6 Month7.65%
12 Month4.54%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%1.21%
ATR Inc-94.12%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.52
Mansfield-0.11
10 Day High18.18
10 Day Low17.53
20 Day High18.18
20 Day Low16.88
52 Week High18.18
52 Week Low13.18
CS1 End17.47
CR1 Start17.78
Volume & EV
DER(3)0%
DER(5)-0.41%
Volume600
Volume Incr-80.45%
Vol(5)2.50K
Vol(50)7.69K