MINERALS TECHNOLOGIES INC (MTX) Stock Technical Analysis
NYSE:MTX - New York Stock Exchange, Inc. - US6031581068 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to MTX. Recently some decent action could be observed, but in the medium term time frame this is still negative. MTX was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, MTX is a bad performer in the overall market: 81% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MTX is part of the Chemicals industry. There are 85 other stocks in this industry, MTX did better than 45% of them.
MTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MTX is lagging the market.
In the last month MTX has a been trading in the 56.22 - 66.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MTX has an average technical rating and also the quality of the setup is 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
79.06
When analyzing the support we can see 3 important areas.
- A support zone ranging from 56.93 to 59.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @55.78 from a trend line in the daily time frame.
- A support zone ranging from 52.97 to 53.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 63.70 to 63.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 65.45 to 65.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @78.28 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for MTX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTX is up. |
| ChartMill Relative Strength | 19.97 | NEGATIVE | MTX has a low relative strength, it was outperformed by 80.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTX is above the rising 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) | DOWN | NEGATIVE | The current price of MTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.11 | NEUTRAL | The RSI value for MTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests MTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.71 | NEUTRAL | The Stochastics value for MTX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for MTX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.24 | NEGATIVE | The low ADX value for MTX suggests a weak or negative 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)
60.73
-1.02 (-1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.65%
1 Week4.74%
2 Weeks7.52%
1 Month6.53%
3 Month2.27%
6 Month-15.19%
12 Month-18.07%
2 Year-0.61%
3 Year4.24%
5 Year19.67%
10 Year12.9%
15 Year126.6%
Volatility
ATR(14)1.64
ATR(20)%3.34%
ATR Inc-5.91%
Range Today2.12
ADR(20)1.8
ADR(20)%2.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.97
Mansfield-1.87
10 Day High63.32
10 Day Low56.3
20 Day High66.16
20 Day Low56.22
52 Week High86.49
52 Week Low49.54
CS1 End59.53
CR1 Start63.7
Volume & EV
DER(3)1.14%
DER(5)0.2%
Volume340.80K
Volume Incr-10.98%
Vol(5)258.38K
Vol(50)268.76K