MTY Technical Analysis - MTY FOOD GROUP INC

Technical Rating and Analysis

Taking everything into account, MTY scores 0 out of 10 in our technical rating. MTY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

93% of all other stocks performed better in the past year than MTY.

MTY is part of the Hotels, Restaurants & Leisure industry. There are 16 other stocks in this industry, of which 73% are performing better than MTY.

MTY is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

In the last month MTY has a been trading in the 33.78 - 39.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MTY FOOD GROUP INC / MTY Weekly stock chart

MTY FOOD GROUP INC / MTY Daily stock chart

Setup Rating and Analysis

The technical rating of MTY is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

34.72

46.39

When analyzing the resistance we notice 5 important areas.

A resistance zone ranging from 37.49 to 38.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 38.97 to 39.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @41.50 from a trend line in the daily time frame.
Resistance @44.96 from a horizontal line in the daily time frame.
Resistance @45.93 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for MTY.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MTY.CA is down.
ChartMill Relative Strength	7.75	NEGATIVE	MTY.CA has a low relative strength, it was outperformed by 92.25% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MTY.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MTY.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MTY.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	33.98	NEUTRAL	The RSI value for MTY.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.35	NEGATIVE	The MACD value suggests MTY.CA has a negative trend.
Stochastics (14,3)	25.57	NEUTRAL	The Stochastics value for MTY.CA is a neutral value.
Average True Range in percent/ATR (20)	2.99	MEDIUM VOLATILITY	The ATR as a percentage value for MTY.CA suggests some volalility.
Average Directional Index/ADX (14)	21.96	NEUTRAL	The ADX value for MTY.CA suggests a possible start of a new trend.