MANITOWOC COMPANY INC (MTW) Stock Technical Analysis
NYSE:MTW • US5635714059
We assign a technical rating of 9 out of 10 to MTW. Both in the recent history as in the last year, MTW has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, MTW did better than 85% of all other stocks.
- MTW is one of the better performing stocks in the Machinery industry, it outperforms 70% of 132 stocks in the same industry.
- MTW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MTW is lagging the market slightly.
- In the last month MTW has a been trading in the 12.40 - 15.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
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.
More info and screens
9.80
We found 6 important support areas.
- A support zone ranging from 13.06 to 13.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.69 from a horizontal line in the daily time frame.
- Support @12.20 from a horizontal line in the weekly time frame.
- Support @11.51 from a trend line in the weekly time frame.
- Support @11.10 from a trend line in the daily time frame.
- Support @9.90 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for MTW is neutral. |
| ChartMill Relative Strength | 85.78 | POSITIVE | MTW has a high relative strength, it outperformed 85.78% 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) | 55.48 | NEUTRAL | The RSI value for MTW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MTW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.97 | NEUTRAL | The Stochastics value for MTW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for MTW suggests some volalility. |
| Average Directional Index/ADX (14) | 26.79 | POSITIVE | The high ADX value value for MTW suggests a strong trend. |
14.3
+0.52 (+3.77%)
MANITOWOC COMPANY INC / MTW FAQ
What is the ChartMill technical rating of MANITOWOC COMPANY INC (MTW) stock?
ChartMill assigns a technical rating of 9 / 10 to MTW.
Can you provide the trend direction for MANITOWOC COMPANY INC?
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 55.4823. This indicates that the stock is currently neutral.
What is the short term momentum for MTW stock?
The short term momentum for MANITOWOC COMPANY INC (MTW) is neutral.
What is the support and resistance level for MTW stock?
MANITOWOC COMPANY INC (MTW) has a support level at 13.32. Check the full technical report for our detailed analysis of MTW support and resistance levels.