MINERALS TECHNOLOGIES INC (MTX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MTX - US6031581068 - Common Stock
Taking everything into account, MTX scores 2 out of 10 in our technical rating. 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.
Although the technical rating is bad, MTX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 59.12, a Stop Loss order could be placed below this zone.
More info and screens
52.44
We found 3 important support areas.
- A support zone ranging from 57.85 to 59.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.94 to 56.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.97 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @63.82 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 | UP | POSITIVE | The short term trend for MTX is up. |
| ChartMill Relative Strength | 17.49 | NEGATIVE | MTX has a low relative strength, it was outperformed by 82.51% 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) | DOWN | MIXED | The current price of MTX is above 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) | 55.33 | NEUTRAL | The RSI value for MTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests MTX has a positive trend. |
| Stochastics (14,3) | 67.18 | NEUTRAL | The Stochastics value for MTX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for MTX suggests some volalility. |
| Average Directional Index/ADX (14) | 10.87 | NEGATIVE | The low ADX value for MTX suggests a weak or negative trend. |
59.17
+0.54 (+0.92%)
MINERALS TECHNOLOGIES INC / MTX FAQ
Can you provide the ChartMill technical rating for MINERALS TECHNOLOGIES INC?
ChartMill assigns a technical rating of 2 / 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 55.3257. 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 0.23377, 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 positive.