MICROVAST HOLD INC-CW26 (MVSTW) Stock Technical Analysis
NASDAQ:MVSTW - Nasdaq - - Currency: USD
We assign a technical rating of 2 out of 10 to MVSTW. Although MVSTW 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.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that MVSTW is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
MVSTW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MVSTW is lagging the market.
In the last month MVSTW has a been trading in the 0.22 - 0.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MVSTW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.22, a Stop Loss order could be placed below this zone.
More info and screens
0.22
0.45
When analyzing the support we notice one important area.
- A support zone ranging from 0.22 to 0.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.26 to 0.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.43 from a trend line in the weekly time frame.
- Resistance @0.45 from a trend 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 MVSTW is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MVSTW is down. |
| ChartMill Relative Strength | 99.64 | POSITIVE | MVSTW has a high relative strength, it outperformed 99.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MVSTW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MVSTW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MVSTW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.76 | NEUTRAL | The RSI value for MVSTW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MVSTW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.78 | NEUTRAL | The Stochastics value for MVSTW is a neutral value. |
| Average True Range in percent/ATR (20) | 20.75 | HIGH VOLATILITY | The high ATR as a percentage value for MVSTW suggests high volalility. |
| Average Directional Index/ADX (14) | 13.7 | NEGATIVE | The low ADX value for MVSTW 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)
0.25
-0.04 (-12.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-12.34%
1 Week0%
2 Weeks-20.66%
1 Month-11.19%
3 Month33.26%
6 Month-4.1%
12 Month946.03%
2 Year-19.35%
3 Year-20.23%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%20.75%
ATR Inc23.32%
Range Today0.06
ADR(20)0.05
ADR(20)%19.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.64
Mansfield1.12
10 Day High0.32
10 Day Low0.22
20 Day High0.36
20 Day Low0.22
52 Week High0.54
52 Week Low0.02
CS1 End0.22
CR1 Start0.26
Volume & EV
DER(3)-9.22%
DER(5)-5.92%
Volume42.50K
Volume Incr44.78%
Vol(5)103.28K
Vol(50)84.96K