MICROVAST HOLDINGS INC (MVST) Stock Technical Analysis
NASDAQ:MVST • US59516C1062
Overall MVST gets a technical rating of 0 out of 10. MVST's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, MVST is a bad performer in the overall market: 79% of all stocks are doing better.
- MVST is part of the Machinery industry. There are 130 other stocks in this industry, of which 75% are performing better than MVST.
- 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.
- In the last month MVST has a been trading in the 2.23 - 3.09 range, which is quite wide. It is currently trading near the lows of this range.
- MVST has an average volume of 3856910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
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
2.22
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.38 to 2.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.22 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 | 21 | NEGATIVE | MVST has a low relative strength, it was outperformed by 79% 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 | MIXED | The current price of MVST is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.69 | NEUTRAL | The RSI value for MVST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MVST has a negative trend. |
| Stochastics (14,3) | 13.68 | OVERSOLD | The low Stochastics value suggests MVST may be oversold. |
| Average True Range in percent/ATR (20) | 6.77 | HIGH VOLATILITY | The high ATR as a percentage value for MVST suggests high volalility. |
| Average Directional Index/ADX (14) | 24.93 | NEUTRAL | The ADX value for MVST suggests a possible start of a new trend. |
2.24
-0.13 (-5.49%)
MICROVAST HOLDINGS INC / MVST FAQ
What is the technical rating for MVST stock?
ChartMill assigns a technical rating of 0 / 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 30.6879. 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 -0.00507463, indicating a bearish trend.
What is the support and resistance level for MVST stock?
MICROVAST HOLDINGS INC (MVST) has a resistance level at 2.38. Check the full technical report for our detailed analysis of MVST support and resistance levels.