MVI-H Technical Analysis - MONITOR VENTURES INC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to MVI-H. Although MVI-H is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

MVI-H is part of the Electrical Equipment industry. There are 15 other stocks in this industry, of which 78% are performing better than MVI-H.

Warning: MVI-H has an average volume of 8793 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month MVI-H has a been trading in the 0.09 - 0.17 range, which is quite wide. It is currently trading near the high of this range.

When comparing the performance of all stocks over the past year, MVI-H turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.

MVI-H is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MVI-H is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MONITOR VENTURES INC / MVI-H Weekly stock chart

MONITOR VENTURES INC / MVI-H Daily stock chart

Setup Rating and Analysis

Although MVI-H has an excellent technical rating, it does not present a decent entry opportunity 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

0.09

0.15

2 important support areas can be observed.

A support zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @0.09 from a trend line in the weekly time frame.

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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	UP	POSITIVE	The long term trend for MVI-H.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MVI-H.CA is up.
ChartMill Relative Strength	55.15	NEUTRAL	MVI-H.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MVI-H.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MVI-H.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MVI-H.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	57.27	NEUTRAL	The RSI value for MVI-H.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests MVI-H.CA has a positive trend.
Stochastics (14,3)	75	NEUTRAL	The Stochastics value for MVI-H.CA is a neutral value.
Average True Range in percent/ATR (20)	11	HIGH VOLATILITY	The high ATR as a percentage value for MVI-H.CA suggests high volalility.
Average Directional Index/ADX (14)	18.63	NEGATIVE	The low ADX value for MVI-H.CA suggests a weak or negative trend.