MICROVAST HOLDINGS INC (MVST) Technical Analysis
NASDAQ:MVST • US59516C1062
Current stock price
MVST Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to MVST. In the past year, MVST was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, MVST is a bad performer in the overall market: 88% of all stocks are doing better.
- MVST is part of the Machinery industry. There are 131 other stocks in this industry, of which 85% are performing better than MVST.
- MVST is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MVST has a been trading in the 1.37 - 2.03 range, which is quite wide. It is currently trading near the high of this range.
- MVST has an average volume of 3896370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MVST Weekly and Daily overview Charts
MVST Setup Rating and Analysis
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
MVST Support and Resistance Analysis
1.44
When analyzing the support we can see 2 important areas.
- Support @1.50 from a trend line in the weekly time frame.
- Support @1.45 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.95 to 1.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
MVST Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for MVST is up. |
| ChartMill Relative Strength | 12.35 | NEGATIVE | MVST has a low relative strength, it was outperformed by 87.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MVST is above 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) | DOWN | NEGATIVE | The current price of MVST is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.88 | NEUTRAL | The RSI value for MVST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests MVST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.32 | OVERBOUGHT | The high Stochastics value suggests MVST may be overbought. |
| Average True Range in percent/ATR (20) | 6.34 | HIGH VOLATILITY | The high ATR as a percentage value for MVST suggests high volalility. |
| Average Directional Index/ADX (14) | 24.45 | NEUTRAL | The ADX value for MVST suggests a possible start of a new trend. |
MVST Chart- and CandleStick Pattern Analysis
MVST Technicals: Chart, Performance Metrics, Trend & Indicators
1.87
-0.05 (-2.6%)
MICROVAST HOLDINGS INC / MVST TA FAQ
What is the technical rating for MVST stock?
ChartMill assigns a technical rating of 2 / 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 MICROVAST HOLDINGS INC (MVST) stock?
MICROVAST HOLDINGS INC (MVST) has an RSI value of 53.8819. This indicates that the stock is currently neutral.
What is the buy/sell signal for MICROVAST HOLDINGS INC (MVST) stock?
The buy/sell signal for MICROVAST HOLDINGS INC (MVST) is hold as the short term and long term trends are mixed.
What is the support and resistance level for MVST stock?
MICROVAST HOLDINGS INC (MVST) has a support level at 1.5 and a resistance level at 1.95. Check the full technical report for our detailed analysis of MVST support and resistance levels.