MANITOWOC COMPANY INC (MTW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MTW - US5635714059 - Common Stock
Overall MTW gets a technical rating of 10 out of 10. In the last year, MTW was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although MTW has an excellent technical rating, the quality of the presented setup is not ideal 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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9.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.78 to 10.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.50 from a trend line in the daily time frame.
- Support @9.90 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.94 to 13.02. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 13.23 to 13.40. 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 MTW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTW is up. |
| ChartMill Relative Strength | 91.65 | POSITIVE | MTW has a high relative strength, it outperformed 91.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.47 | OVERBOUGHT | The high RSI value suggests MTW may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MTW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.57 | OVERBOUGHT | The high Stochastics value suggests MTW may be overbought. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for MTW suggests some volalility. |
| Average Directional Index/ADX (14) | 35.84 | POSITIVE | The high ADX value value for MTW suggests a strong trend. |
12.78
-0.25 (-1.92%)
MANITOWOC COMPANY INC / MTW FAQ
What is the ChartMill technical rating of MANITOWOC COMPANY INC (MTW) stock?
ChartMill assigns a technical rating of 10 / 10 to MTW.
What is the current trend direction of MANITOWOC COMPANY INC (MTW) stock?
The current trend direction for MANITOWOC COMPANY INC (MTW) is Bullish.
What is the RSI signal for MTW stock?
MANITOWOC COMPANY INC (MTW) has an RSI value of 71.4654. This indicates that the stock is currently overbought.
What is the short term momentum for MANITOWOC COMPANY INC (MTW) stock?
The short term momentum for MANITOWOC COMPANY INC (MTW) is positive.
What is the buy/sell signal for MANITOWOC COMPANY INC (MTW) stock?
The buy/sell signal for MANITOWOC COMPANY INC (MTW) is buy as both the short term and long term trends are positive.