MINERALS TECHNOLOGIES INC (MTX) Stock Technical Analysis
USA - NYSE:MTX - US6031581068 - Common Stock
Overall MTX gets a technical rating of 0 out of 10. MTX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, 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 59.28. Right above this resistance zone may be a good entry point.
More info and screens
52.44
We found 2 important support areas.
- Support @55.45 from a trend line in the daily time frame.
- Support @52.97 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 59.28 to 60.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @62.73 from a horizontal line in the daily time frame.
- Resistance @64.18 from a trend line in the daily time frame.
- A resistance zone ranging from 65.45 to 65.46. 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 | DOWN | NEGATIVE | The long term trend for MTX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MTX is down. |
| ChartMill Relative Strength | 16.17 | NEGATIVE | MTX has a low relative strength, it was outperformed by 83.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTX is below a declining 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) | 47.14 | NEUTRAL | The RSI value for MTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests MTX has a positive trend. |
| Stochastics (14,3) | 45.47 | NEUTRAL | The Stochastics value for MTX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for MTX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.47 | NEGATIVE | The low ADX value for MTX suggests a weak or negative trend. |
57.38
+0.66 (+1.16%)
MINERALS TECHNOLOGIES INC / MTX FAQ
Can you provide the ChartMill technical rating for MINERALS TECHNOLOGIES INC?
ChartMill assigns a technical rating of 0 / 10 to MTX.
What is the trend direction for MTX stock?
The current trend direction for MINERALS TECHNOLOGIES INC (MTX) is Bearish.
What is the RSI signal for MINERALS TECHNOLOGIES INC (MTX) stock?
MINERALS TECHNOLOGIES INC (MTX) has an RSI value of 47.137. This indicates that the stock is currently neutral.
What is the MACD signal for MINERALS TECHNOLOGIES INC (MTX) stock?
The MACD indicator for MINERALS TECHNOLOGIES INC (MTX) has a value of 0.20192, indicating a bearish trend.
Can you provide the short term momentum for MINERALS TECHNOLOGIES INC?
The short term momentum for MINERALS TECHNOLOGIES INC (MTX) is negative.