MV OIL TRUST (MVO) Stock Technical Analysis
USA - NYSE:MVO - US5538591091
We assign a technical rating of 6 out of 10 to MVO. In the last year, MVO was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, MVO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.11, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.51
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.76 to 6.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.57 to 5.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.16 to 6.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.64 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 MVO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MVO is up. |
| ChartMill Relative Strength | 13.07 | NEGATIVE | MVO has a low relative strength, it was outperformed by 86.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MVO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MVO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MVO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.37 | NEUTRAL | The RSI value for MVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MVO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.44 | OVERBOUGHT | The high Stochastics value suggests MVO may be overbought. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for MVO suggests some volalility. |
| Average Directional Index/ADX (14) | 27.33 | POSITIVE | The high ADX value value for MVO suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.26 | 5.86 | 0.40 (6.39%) | 15.65% |
| An entry @6.26. This is a Buy Stop order right above the resistance zone. | An exit @5.86. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.40 points, which is 6.39%. | When investing 15.65% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.15
-0.02 (-0.32%)