MV OIL TRUST (MVO) Stock Technical Analysis
NYSE:MVO • US5538591091
Overall MVO gets a technical rating of 5 out of 10. MVO has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- MVO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month MVO has a been trading in the 1.33 - 2.08 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- When comparing the yearly performance of all stocks, we notice that MVO is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- MVO is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 52% of 207 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MVO has an average technical rating and it also does not offer a high 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.
More info and screens
1.18
We found 1 important support area.
- Support @1.19 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for MVO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MVO is up. |
| ChartMill Relative Strength | 73.64 | POSITIVE | MVO has a high relative strength, it outperformed 73.64% 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) | 66.55 | NEUTRAL | The RSI value for MVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MVO has a positive trend. |
| Stochastics (14,3) | 88.95 | OVERBOUGHT | The high Stochastics value suggests MVO may be overbought. |
| Average True Range in percent/ATR (20) | 8.1 | HIGH VOLATILITY | The high ATR as a percentage value for MVO suggests high volalility. |
| Average Directional Index/ADX (14) | 29.3 | POSITIVE | The high ADX value value for MVO suggests a strong trend. |
2.07
+0.2 (+10.7%)
MV OIL TRUST / MVO FAQ
What is the ChartMill technical rating of MV OIL TRUST (MVO) stock?
ChartMill assigns a technical rating of 5 / 10 to MVO.
Can you provide the trend direction for MV OIL TRUST?
The current trend direction for MV OIL TRUST (MVO) is Bearish.
What is the RSI signal for MV OIL TRUST (MVO) stock?
MV OIL TRUST (MVO) has an RSI value of 66.5495. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MV OIL TRUST?
The MACD indicator for MV OIL TRUST (MVO) has a value of 0.054266, indicating a bearish trend.
Can you provide the buy/sell signal for MV OIL TRUST?
The buy/sell signal for MV OIL TRUST (MVO) is hold as the short term and long term trends are mixed.