MINERALS TECHNOLOGIES INC (MTX)       56.64  -0.65 (-1.13%)

56.64  -0.65 (-1.13%)

US6031581068 - Common Stock - After market: 56.64 0 (0%)

Technical Rating

4

We assign a technical rating of 4 out of 10 to MTX. In the past year, MTX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.



In the last month MTX has a been trading in the 51.63 - 58.48 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the performance of all stocks over the past year, MTX turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
MTX is an average performer in the Chemicals industry, it outperforms 45% of 119 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
MTX is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 2.16% -0.12% -16.23% -15.25% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 51.12 49.38 - 75.65
MTX Weekly chart
MTX Daily chart

Support/Resistance Analysis


48.91

68.12
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 53.73 to 54.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 49.40 to 49.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
  • A resistance zone ranging from 56.77 to 56.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A resistance zone ranging from 57.87 to 57.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @60.85 from a trend line in the weekly time frame.
  • Resistance @62.59 from a trend line in the daily time frame.
  • Resistance @67.45 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

7

Although the technical rating is only medium, MTX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 56.77. Right above this resistance zone may be a good entry point.


MTX Daily chart

MINERALS TECHNOLOGIES INC56.64

NYSE:MTX (11/28/2022, 7:07:32 PM)-0.65 (-1.13%)

After market: 56.64 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Chemicals
Performance
Today -1.13% 1 Week 1.6%
2 Weeks -2.11% 1 Month 2.16%
3 Month -0.12% 6 Month -16.23%
Volatility
ATR(14) 1.52 ATR(20)% 2.83%
ATR Inc -52.36% Range Today 0.8
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 51.12 Mansfield -0.62
10 Day High 58.16 10 Day Low 53.62
20 Day High 58.49 20 Day Low 51.63
52 Week High 75.65 52 Week Low 49.38
CS1 End 54.15 CR1 Start 56.77
Volume & EV
DER(3) 0.02% DER(5) -0.56%
Volume 149.50K Volume Incr -38.51%
Vol(5) 83.34K Vol(50) 165.39K

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