MV OIL TRUST (MVO) Stock Technical Analysis
NYSE:MVO - New York Stock Exchange, Inc. - US5538591091 - Currency: USD
Taking everything into account, MVO scores 1 out of 10 in our technical rating. MVO'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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
84% of all other stocks performed better in the past year than MVO.
MVO is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, of which 77% are performing better than MVO.
MVO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MVO is lagging the market.
In the last month MVO has a been trading in the 5.50 - 6.26 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MVO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 5.70, 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
4.99
8.34
We found 2 important support areas.
- A support zone ranging from 5.57 to 5.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @5.04 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 5.84 to 5.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.20 to 6.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.50 to 6.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @7.58 from a trend line in the weekly time frame.
- Resistance @8.26 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 | DOWN | NEGATIVE | The long term trend for MVO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MVO is neutral. |
| ChartMill Relative Strength | 16.69 | NEGATIVE | MVO has a low relative strength, it was outperformed by 83.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MVO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MVO is below 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) | 49.67 | 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) | 52.63 | NEUTRAL | The Stochastics value for MVO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for MVO suggests some volalility. |
| Average Directional Index/ADX (14) | 12.46 | NEGATIVE | The low ADX value for MVO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.82
-0.14 (-2.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.35%
1 Week0.87%
2 Weeks4.3%
1 Month-1.36%
3 Month2.65%
6 Month-28.94%
12 Month-36.74%
2 Year-54.42%
3 Year-48.27%
5 Year38.9%
10 Year-44.52%
15 Year-77.42%
Volatility
ATR(14)0.23
ATR(20)%3.68%
ATR Inc-23.46%
Range Today0.23
ADR(20)0.21
ADR(20)%3.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.69
Mansfield-2.65
10 Day High6.26
10 Day Low5.63
20 Day High6.26
20 Day Low5.5
52 Week High10.31
52 Week Low4.63
CS1 End5.7
CR1 Start5.84
Volume & EV
DER(3)-14.49%
DER(5)-9.65%
Volume60.90K
Volume Incr48.85%
Vol(5)84.80K
Vol(50)82.01K