MICROVAST HOLDINGS INC (MVST) Stock Technical Analysis
NASDAQ:MVST • US59516C1062
Taking everything into account, MVST scores 1 out of 10 in our technical rating. MVST has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- MVST 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.
- MVST has an average volume of 3594410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, MVST turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- MVST is an average performer in the Machinery industry, it outperforms 40% of 130 stocks in the same industry.
- In the last month MVST has a been trading in the 2.06 - 2.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
2.21
When analyzing the support we notice one important area.
- Support @2.23 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.38 to 2.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.17 from a trend line in the daily time frame.
- Resistance @4.04 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 | DOWN | NEGATIVE | The long term trend for MVST is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MVST is down. |
| ChartMill Relative Strength | 55.32 | NEUTRAL | MVST is not amongst the best or worst performers 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 | MIXED | The current price of MVST is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.28 | NEUTRAL | The RSI value for MVST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MVST has a positive trend. |
| Stochastics (14,3) | 43.27 | NEUTRAL | The Stochastics value for MVST is a neutral value. |
| Average True Range in percent/ATR (20) | 6.27 | HIGH VOLATILITY | The high ATR as a percentage value for MVST suggests high volalility. |
| Average Directional Index/ADX (14) | 26.97 | POSITIVE | The high ADX value value for MVST suggests a strong trend. |
2.37
+0.04 (+1.72%)
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 42.2832. 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 0.0152539, indicating a bearish trend.
What is the support and resistance level for MVST stock?
MICROVAST HOLDINGS INC (MVST) has a support level at 2.23 and a resistance level at 2.38. Check the full technical report for our detailed analysis of MVST support and resistance levels.