MICROVAST HOLDINGS INC (MVST) Stock Technical Analysis
NASDAQ:MVST - Nasdaq - US59516C1062 - Common Stock - Currency: USD
Taking everything into account, MVST scores 6 out of 10 in our technical rating. In the last year, MVST was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month MVST has a been trading in the 2.96 - 4.40 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
MVST is part of the Machinery industry. There are 127 other stocks in this industry. MVST outperforms 99% of them.
MVST has an average volume of 9592700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MVST did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
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.
Considerably lower volume is observed in the last couple of days.
MVST has an average technical rating and also the quality of the setup is only medium 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
1.91
3.41
We found 3 important support areas.
- Support @3.14 from a trend line in the daily time frame.
- A support zone ranging from 3.00 to 3.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.93 to 1.94. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for MVST is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MVST is neutral. |
| ChartMill Relative Strength | 99.48 | POSITIVE | MVST has a high relative strength, it outperformed 99.48% 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) | UP | MIXED | The current price of MVST is below the rising 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) | 47.81 | NEUTRAL | The RSI value for MVST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MVST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.32 | OVERSOLD | The low Stochastics value suggests MVST may be oversold. |
| Average True Range in percent/ATR (20) | 7.95 | HIGH VOLATILITY | The high ATR as a percentage value for MVST suggests high volalility. |
| Average Directional Index/ADX (14) | 26.46 | POSITIVE | The high ADX value value for MVST suggests a strong 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)
3.38
+0.24 (+7.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg7.64%
1 Week12.29%
2 Weeks-6.11%
1 Month-21.94%
3 Month84.7%
6 Month64.08%
12 Month755.7%
2 Year17.77%
3 Year27.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%7.95%
ATR Inc16.8%
Range Today0.36
ADR(20)0.27
ADR(20)%7.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.48
Mansfield9.42
10 Day High3.6
10 Day Low2.96
20 Day High4.4
20 Day Low2.96
52 Week High4.72
52 Week Low0.15
CS1 End3.14
CR1 StartN/A
Volume & EV
DER(3)-0.15%
DER(5)-1.02%
Volume7.46M
Volume Incr-39.12%
Vol(5)5.58M
Vol(50)9.59M