MWYN Technical Analysis - MARWYNN HOLDINGS INC

Technical Rating and Analysis

Taking everything into account, MWYN scores 0 out of 10 in our technical rating. MWYN'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, MWYN is a bad performer in the overall market: 100% of all stocks are doing better.

MWYN is one of the lesser performing stocks in the Trading Companies & Distributors industry. 93% of 49 stocks in the same industry do better.

In the last month MWYN has a been trading in the 0.95 - 1.25 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

MWYN has an average volume of 2345480 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MARWYNN HOLDINGS INC / MWYN Weekly stock chart

MARWYNN HOLDINGS INC / MWYN Daily stock chart

Setup Rating and Analysis

The technical rating of MWYN 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.97

1.39

When analyzing the support we notice one important area.

A support zone ranging from 0.98 to 0.98. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

Resistance @1.38 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 MWYN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MWYN is down.
ChartMill Relative Strength	0	NEGATIVE	MWYN has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MWYN is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MWYN is below a declining SMA(50).
Relative Strength Index/RSI (14)	38.97	NEUTRAL	The RSI value for MWYN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests MWYN has a negative trend.
Stochastics (14,3)	10.7	OVERSOLD	The low Stochastics value suggests MWYN may be oversold.
Average True Range in percent/ATR (20)	6.69	HIGH VOLATILITY	The high ATR as a percentage value for MWYN suggests high volalility.
Average Directional Index/ADX (14)	29.73	POSITIVE	The high ADX value value for MWYN suggests a strong trend.