MONOTYPE IMAGING HOLDINGS INC (TYPE) Stock Technical Analysis
NASDAQ:TYPE - Nasdaq -
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.
The long and short term trends are both positive. This is looking good!
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.
Besides having an excellent technical rating, TYPE 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
20.71
When analyzing the support we can see 2 important 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.
2 important resistance areas can be observed.
- 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.05%
1 Week0.05%
2 Weeks0.18%
1 Month0.3%
3 Month14.75%
6 Month-1.68%
12 Month5.87%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.12%
ATR Inc16.67%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.78
Mansfield0.47
10 Day High19.86
10 Day Low19.79
20 Day High19.86
20 Day Low19.76
52 Week High21.09
52 Week Low15.29
CS1 End19.83
CR1 Start19.95
Volume & EV
DER(3)-1.63%
DER(5)0.16%
Volume1.80M
Volume Incr52.24%
Vol(5)736.48K
Vol(50)509.00K