MYT NETHERLANDS PARENT BV (MYTE) Technical Analysis
NYSE:MYTE • US55406W1036
Current stock price
MYTE Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to MYTE. Although MYTE 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.
- When comparing the yearly performance of all stocks, we notice that MYTE is one of the better performing stocks in the market, outperforming 94% of all stocks.
- MYTE is part of the Specialty Retail industry. There are 124 other stocks in this industry. MYTE outperforms 95% of them.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- MYTE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MYTE is lagging the market slightly.
- In the last month MYTE has a been trading in the 6.18 - 8.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
MYTE Weekly and Daily overview Charts
MYTE Setup Rating and Analysis
MYTE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.89, a Stop Loss order could be placed below this zone.
More info and screens
MYTE Support and Resistance Analysis
6.31
3 important support areas can be observed.
- A support zone ranging from 6.86 to 6.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.50 to 6.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.37 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.14 to 8.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.46 from a horizontal line in the daily time frame.
MYTE 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 | NEUTRAL | NEUTRAL | The long term trend for MYTE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MYTE is down. |
| ChartMill Relative Strength | 94.33 | POSITIVE | MYTE has a high relative strength, it outperformed 94.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MYTE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MYTE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MYTE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.83 | NEUTRAL | The RSI value for MYTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MYTE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.78 | NEUTRAL | The Stochastics value for MYTE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.86 | HIGH VOLATILITY | The high ATR as a percentage value for MYTE suggests high volalility. |
| Average Directional Index/ADX (14) | 17.52 | NEGATIVE | The low ADX value for MYTE suggests a weak or negative trend. |
MYTE Chart- and CandleStick Pattern Analysis
MYTE Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:MYTE (4/30/2025, 8:23:38 PM)
7.64
-0.2 (-2.55%)
MYT NETHERLANDS PARENT BV / MYTE TA FAQ
What is the ChartMill technical rating of MYT NETHERLANDS PARENT BV (MYTE) stock?
ChartMill assigns a technical rating of 3 / 10 to MYTE.
What is the trend direction for MYTE stock?
The current trend direction for MYT NETHERLANDS PARENT BV (MYTE) is Bearish.
What is the RSI signal for MYT NETHERLANDS PARENT BV (MYTE) stock?
MYT NETHERLANDS PARENT BV (MYTE) has an RSI value of 44.8298. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MYT NETHERLANDS PARENT BV?
The MACD indicator for MYT NETHERLANDS PARENT BV (MYTE) has a value of 0.0805743, indicating a bearish trend.