MINERALS TECHNOLOGIES INC (MTX) Technical Analysis
NYSE:MTX • US6031581068
Current stock price
MTX Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to MTX. In the last year, MTX was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- MTX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MTX is performing more or less in line with the market.
- Looking at the yearly performance, MTX did better than 72% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- MTX is part of the Chemicals industry. There are 83 other stocks in this industry, MTX did better than 59% of them.
- In the last month MTX has a been trading in the 64.86 - 72.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
MTX Weekly and Daily overview Charts
MTX Setup Rating and Analysis
MTX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 72.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 69.30, a Stop Loss order could be placed below this zone.
More info and screens
MTX Support and Resistance Analysis
55.92
When analyzing the support we can see 4 important areas.
- A support zone ranging from 67.59 to 69.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 65.26 to 65.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @57.99 from a trend line in the weekly time frame.
- A support zone ranging from 56.48 to 57.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 72.04 to 72.97. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @74.16 from a horizontal line in the daily time frame.
MTX Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for MTX is neutral. |
| ChartMill Relative Strength | 72.72 | POSITIVE | MTX has a high relative strength, it outperformed 72.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MTX is above a declining 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) | 55.37 | NEUTRAL | The RSI value for MTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.98 | NEUTRAL | The Stochastics value for MTX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for MTX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.91 | POSITIVE | The high ADX value value for MTX suggests a strong trend. |
MTX Chart- and CandleStick Pattern Analysis
MTX Technicals: Chart, Performance Metrics, Trend & Indicators
70.18
+2.34 (+3.45%)
MINERALS TECHNOLOGIES INC / MTX TA FAQ
Can you provide the ChartMill technical rating for MINERALS TECHNOLOGIES INC?
ChartMill assigns a technical rating of 5 / 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 55.3673. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MINERALS TECHNOLOGIES INC?
The MACD indicator for MINERALS TECHNOLOGIES INC (MTX) has a value of -0.063873, 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 neutral.