MYT NETHERLANDS PARENT BV (MYTE) Stock Technical Analysis
NYSE:MYTE - New York Stock Exchange, Inc. - US55406W1036 - ADR - Currency: USD
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.
MYTE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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.
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6.31
When analyzing the support we can see 3 important areas.
- 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.
We can see 2 important resistance 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.
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. |
NYSE:MYTE (4/30/2025, 8:23:38 PM)
7.64
-0.2 (-2.55%)