MINERALS TECHNOLOGIES INC (MTX) Stock Technical Analysis
NYSE:MTX - New York Stock Exchange, Inc. - US6031581068 - Common Stock - Currency: USD
Taking everything into account, MTX scores 1 out of 10 in our technical rating. MTX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MTX is a bad performer in the overall market: 86% of all stocks are doing better.
MTX is one of the lesser performing stocks in the Chemicals industry. 60% of 85 stocks in the same industry do better.
MTX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MTX is lagging the market.
In the last month MTX has a been trading in the 51.87 - 60.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MTX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
52.44
86.03
When analyzing the support we notice one important area.
- A support zone ranging from 52.97 to 53.25. This zone is formed by a combination of multiple trend lines in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 57.09 to 59.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @79.76 from a trend line in the weekly time frame.
- Resistance @85.18 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for MTX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTX is neutral. |
| ChartMill Relative Strength | 14.18 | NEGATIVE | MTX has a low relative strength, it was outperformed by 85.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MTX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.77 | NEUTRAL | The RSI value for MTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.63 | NEUTRAL | The Stochastics value for MTX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for MTX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.85 | NEUTRAL | The ADX value for MTX suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
56.78
-1.12 (-1.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.93%
1 Week-3.39%
2 Weeks-3.6%
1 Month7.76%
3 Month-17.4%
6 Month-30.39%
12 Month-34.55%
2 Year2.1%
3 Year-14.31%
5 Year15.15%
10 Year-15.64%
15 Year112.46%
Volatility
ATR(14)1.65
ATR(20)%2.85%
ATR Inc-26.54%
Range Today0.91
ADR(20)1.38
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.18
Mansfield-2.45
10 Day High60.51
10 Day Low56.76
20 Day High60.51
20 Day Low51.87
52 Week High90.3
52 Week Low49.54
CS1 End53.25
CR1 Start57.09
Volume & EV
DER(3)-3.29%
DER(5)-2.8%
Volume256.30K
Volume Incr-23.54%
Vol(5)263.50K
Vol(50)282.38K