MONOTYPE IMAGING HOLDINGS INC (TYPE) Technical Analysis
NASDAQ:TYPE
Current stock price
TYPE Technical Rating and Analysis
Overall TYPE gets a technical rating of 7 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- TYPE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TYPE is performing more or less in line with the market.
- When comparing the yearly performance of all stocks, we notice that TYPE is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month TYPE has a been trading in a tight range between 19.75 and 19.86.
- Volume is considerably higher in the last couple of days.
TYPE Weekly and Daily overview Charts
TYPE Setup Rating and Analysis
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. Another positive sign is the recent Pocket Pivot signal.
- 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
TYPE Support and Resistance Analysis
16.23
We found 2 important support areas.
- 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.
When analyzing the resistance we notice 2 important 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.
TYPE 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 | 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. |
TYPE Chart- and CandleStick Pattern Analysis
TYPE Example Setup
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.
TYPE Technicals: Chart, Performance Metrics, Trend & Indicators
19.84
+0.01 (+0.05%)
MONOTYPE IMAGING HOLDINGS INC / TYPE TA 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 trend direction for TYPE stock?
The current trend direction for MONOTYPE IMAGING HOLDINGS INC (TYPE) is Bullish.
Can you provide the RSI signal for MONOTYPE IMAGING HOLDINGS INC?
MONOTYPE IMAGING HOLDINGS INC (TYPE) has an RSI value of 64.3304. This indicates that the stock is currently neutral.
What is the MACD signal for TYPE stock?
The MACD indicator for MONOTYPE IMAGING HOLDINGS INC (TYPE) has a value of -0.0153618, indicating a bearish trend.
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.