MINERALS TECHNOLOGIES INC (MTX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MTX - US6031581068 - Common Stock
Overall MTX gets a technical rating of 8 out of 10. Although MTX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although MTX 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
55.92
We found 2 important support areas.
- A support zone ranging from 60.55 to 62.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.48 to 56.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 66.26 to 66.26. 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 MTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTX is up. |
| ChartMill Relative Strength | 46.41 | 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) | 72.23 | OVERBOUGHT | The high RSI value suggests MTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests MTX has a positive trend. |
| Stochastics (14,3) | 87.49 | OVERBOUGHT | The high Stochastics value suggests MTX may be overbought. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for MTX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.2 | POSITIVE | The high ADX value value for MTX suggests a strong trend. |
66.25
+1.06 (+1.63%)
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 72.2291. This indicates that the stock is currently overbought.
Can you provide the MACD signal for MINERALS TECHNOLOGIES INC?
The MACD indicator for MINERALS TECHNOLOGIES INC (MTX) has a value of 0.355368, 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.