MICROVAST HOLDINGS INC (MVST) Stock Technical Analysis
NASDAQ:MVST - US59516C1062 - Common Stock
2.53 USD
-0.05 (-1.94%)
2.5597 USD
+0.03 (+1.17%)
Taking everything into account, MVST scores 3 out of 10 in our technical rating. Although MVST is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that MVST is one of the better performing stocks in the market, outperforming 99% of all stocks.
MVST is one of the better performing stocks in the Machinery industry, it outperforms 98% of 128 stocks in the same industry.
MVST has an average volume of 7477080 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 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.
In the last month MVST has a been trading in the 2.13 - 3.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MVST has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.52, a Stop Loss order could be placed below this zone.
More info and screens
1.14
2.84
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.52 to 2.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.27 from a trend line in the weekly time frame.
- Support @1.87 from a trend line in the daily time frame.
- Support @1.15 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.66 to 2.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.81 from a horizontal 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 | 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 | 99.54 | POSITIVE | MVST has a high relative strength, it outperformed 99.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MVST is below a declining 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 | POSITIVE | The current price of MVST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.07 | NEUTRAL | The RSI value for MVST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MVST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 25.29 | NEUTRAL | The Stochastics value for MVST is a neutral value. |
| Average True Range in percent/ATR (20) | 9.31 | HIGH VOLATILITY | The high ATR as a percentage value for MVST suggests high volalility. |
| Average Directional Index/ADX (14) | 17.53 | NEGATIVE | The low ADX value for MVST 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)
2.53
-0.05 (-1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.94%
1 Week-5.24%
2 Weeks-4.89%
1 Month-3.07%
3 Month-36.11%
6 Month62.18%
12 Month953.73%
2 Year33.86%
3 Year39.78%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%9.31%
ATR Inc-47.4%
Range Today0.1
ADR(20)0.21
ADR(20)%8.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.54
Mansfield1.84
10 Day High2.84
10 Day Low2.51
20 Day High3.19
20 Day Low2.13
52 Week High4.72
52 Week Low0.15
CS1 End2.52
CR1 Start2.66
Volume & EV
DER(3)1.86%
DER(5)1.53%
Volume3.61M
Volume Incr-57.5%
Vol(5)3.49M
Vol(50)7.48M