MINERALS TECHNOLOGIES INC (MTX) Stock Technical Analysis
NYSE:MTX • US6031581068
We assign a technical rating of 8 out of 10 to MTX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MTX is only an average performer.
- The long and short term trends are both positive. This is looking good!
- MTX 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 MTX is lagging the market slightly.
- MTX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When compared to the yearly performance of all other stocks, MTX outperforms 68% of them, which is more or less in line with the market.
- MTX is part of the Chemicals industry. There are 83 other stocks in this industry, MTX did better than 54% of them.
MTX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
55.92
We found 4 important support areas.
- Support @68.42 from a trend line in the daily time frame.
- A support zone ranging from 65.25 to 66.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.46 from a trend line in the weekly time frame.
- Support @56.48 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 72.78 to 72.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @74.16 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 MTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTX is up. |
| ChartMill Relative Strength | 68.03 | NEUTRAL | MTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.68 | NEUTRAL | The RSI value for MTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MTX has a negative trend. |
| Stochastics (14,3) | 76.97 | NEUTRAL | The Stochastics value for MTX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for MTX suggests some volalility. |
| Average Directional Index/ADX (14) | 37.18 | POSITIVE | The high ADX value value for MTX suggests a strong trend. |
72.3
-0.35 (-0.48%)
MINERALS TECHNOLOGIES INC / MTX FAQ
Can you provide the ChartMill technical rating for MINERALS TECHNOLOGIES INC?
ChartMill assigns a technical rating of 8 / 10 to MTX.
Can you provide the trend direction for MINERALS TECHNOLOGIES INC?
The current trend direction for MINERALS TECHNOLOGIES INC (MTX) is Bullish.
What is the RSI signal for MINERALS TECHNOLOGIES INC (MTX) stock?
MINERALS TECHNOLOGIES INC (MTX) has an RSI value of 63.6807. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MINERALS TECHNOLOGIES INC?
The MACD indicator for MINERALS TECHNOLOGIES INC (MTX) has a value of -0.0379898, indicating a bearish trend.
What is the short term momentum for MINERALS TECHNOLOGIES INC (MTX) stock?
The short term momentum for MINERALS TECHNOLOGIES INC (MTX) is positive.