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.
MTX has a poor technical rating and the quality of the setup is also only medium 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
52.44
When analyzing the support we can see 2 important areas.
- Support @55.22 from a trend line in the daily time frame.
- Support @52.97 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 58.67 to 59.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 61.35 to 62.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @64.35 from a trend line in the daily time frame.
- Resistance @65.45 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 | 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 | 14.84 | NEGATIVE | MTX has a low relative strength, it was outperformed by 85.16% 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) | 36.93 | NEUTRAL | The RSI value for MTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests MTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.97 | NEUTRAL | The Stochastics value for MTX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for MTX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.71 | NEUTRAL | The ADX value for MTX suggests a possible start of a new trend. |
55.61
-0.45 (-0.8%)
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 36.9302. 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 -0.35108, 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.