MONOTYPE IMAGING HOLDINGS INC (TYPE) Stock Technical Analysis
USA - NASDAQ:TYPE -
We assign a technical rating of 7 out of 10 to TYPE. Both in the recent history as in the last year, TYPE has proven to be a steady performer, scoring decent points in every aspect analyzed.
TYPE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 19.83, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
16.23
2 important support areas can be observed.
- A support zone ranging from 19.73 to 19.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.39 to 16.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @19.95 from a horizontal line in the daily time frame.
- A resistance zone ranging from 20.35 to 20.50. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for TYPE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TYPE is up. |
| ChartMill Relative Strength | 81.78 | POSITIVE | TYPE has a high relative strength, it outperformed 81.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TYPE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TYPE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TYPE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.33 | NEUTRAL | The RSI value for TYPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TYPE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.4 | NEUTRAL | The Stochastics value for TYPE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for TYPE suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.87 | 19.78 | 0.09 (0.45%) | 25.00% |
| An entry @19.87. This is a Buy Stop order right above the 10 day high. | An exit @19.78. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 0.45%. | For a 0.11% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
19.84
+0.01 (+0.05%)
MONOTYPE IMAGING HOLDINGS INC / TYPE FAQ
What is the ChartMill technical rating of MONOTYPE IMAGING HOLDINGS INC (TYPE) stock?
ChartMill assigns a technical rating of 6 / 10 to TYPE.
What is the current trend direction of MONOTYPE IMAGING HOLDINGS INC (TYPE) stock?
The current trend direction for MONOTYPE IMAGING HOLDINGS INC (TYPE) is Bullish.
What is the RSI signal for MONOTYPE IMAGING HOLDINGS INC (TYPE) stock?
MONOTYPE IMAGING HOLDINGS INC (TYPE) has an RSI value of 64.3304. This indicates that the stock is currently neutral.
What is the short term momentum for MONOTYPE IMAGING HOLDINGS INC (TYPE) stock?
The short term momentum for MONOTYPE IMAGING HOLDINGS INC (TYPE) is positive.
What are the support and resistance levels for MONOTYPE IMAGING HOLDINGS INC (TYPE) stock?
MONOTYPE IMAGING HOLDINGS INC (TYPE) has a support level at 19.83 and a resistance level at 19.95. Check the full technical report for our detailed analysis of TYPE support and resistance levels.