MAMMOTH ENERGY SERVICES INC (TUSK) Stock Technical Analysis
NASDAQ:TUSK - Nasdaq - US56155L1089 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to TUSK. TUSK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, TUSK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.39, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TUSK in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.34
We found 1 important support area.
- A support zone ranging from 2.36 to 2.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 2.52 to 2.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.64 from a horizontal line in the weekly time frame.
- Resistance @2.74 from a horizontal line in the daily time frame.
- Resistance @4.31 from a trend line in the weekly time frame.
- Resistance @4.73 from a horizontal line in the weekly 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 TUSK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TUSK is neutral. |
| ChartMill Relative Strength | 19.4 | NEGATIVE | TUSK has a low relative strength, it was outperformed by 80.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TUSK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TUSK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TUSK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.75 | NEUTRAL | The RSI value for TUSK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TUSK has a negative trend. |
| Stochastics (14,3) | 21.48 | NEUTRAL | The Stochastics value for TUSK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.65 | HIGH VOLATILITY | The high ATR as a percentage value for TUSK suggests high volalility. |
| Average Directional Index/ADX (14) | 25.17 | POSITIVE | The high ADX value value for TUSK suggests a strong trend. |
2.4
-0.13 (-5.14%)