Taking everything into account, MVST scores 1 out of 10 in our technical rating. MVST scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, MVST is a bad performer in the overall market: 70% of all stocks are doing better.
- In the last month MVST has a been trading in the 2.73 - 3.74 range, which is quite wide. It is currently trading near the lows of this range.
- MVST has an average volume of 4877990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- MVST is an average performer in the Machinery industry, it outperforms 41% of 132 stocks in the same industry.
- MVST is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MVST is lagging the market.
The technical rating of MVST 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.
More info and screens
2.74
2 important support areas can be observed.
- Support @2.86 from a trend line in the daily time frame.
- A support zone ranging from 2.77 to 2.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.22 to 3.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.44 to 3.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 MVST is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MVST is down. |
| ChartMill Relative Strength | 30.47 | NEUTRAL | MVST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MVST is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MVST is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MVST is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.3 | NEUTRAL | The RSI value for MVST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MVST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.02 | NEUTRAL | The Stochastics value for MVST is a neutral value. |
| Average True Range in percent/ATR (20) | 6.55 | HIGH VOLATILITY | The high ATR as a percentage value for MVST suggests high volalility. |
| Average Directional Index/ADX (14) | 21.17 | NEUTRAL | The ADX value for MVST suggests a possible start of a new trend. |
2.99
+0.02 (+0.67%)
MICROVAST HOLDINGS INC / MVST FAQ
What is the technical rating for MVST stock?
ChartMill assigns a technical rating of 1 / 10 to MVST.
What is the current trend direction of MICROVAST HOLDINGS INC (MVST) stock?
The current trend direction for MICROVAST HOLDINGS INC (MVST) is Bearish.
What is the RSI signal for MVST stock?
MICROVAST HOLDINGS INC (MVST) has an RSI value of 42.2996. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MICROVAST HOLDINGS INC?
The MACD indicator for MICROVAST HOLDINGS INC (MVST) has a value of 0.0314108, indicating a bearish trend.
What is the support and resistance level for MVST stock?
MICROVAST HOLDINGS INC (MVST) has a support level at 2.86 and a resistance level at 3.22. Check the full technical report for our detailed analysis of MVST support and resistance levels.