MONTAUK RENEWABLES INC (MNTK) Stock Technical Analysis
NASDAQ:MNTK - Nasdaq - US61218C1036 - Common Stock
We assign a technical rating of 1 out of 10 to MNTK. MNTK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, MNTK is a bad performer in the overall market: 91% of all stocks are doing better.
MNTK is part of the Independent Power and Renewable Electricity Producers industry. There are 21 other stocks in this industry, of which 80% are performing better than MNTK.
MNTK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MNTK has a been trading in the 3.66 - 4.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MNTK has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.72
6.01
We found 3 important support areas.
- A support zone ranging from 4.06 to 4.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.96 from a horizontal line in the daily time frame.
- A support zone ranging from 3.76 to 3.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 4.65 to 4.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.95 to 4.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.72 from a horizontal line in the weekly time frame.
- Resistance @5.95 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.01
Mansfield-1.67
10 Day High4.77
10 Day Low3.84
20 Day High4.96
20 Day Low3.66
52 Week High7.75
52 Week Low3.38
Performance
1 Week13.1%
2 Weeks-9.11%
1 Month19.73%
3 Month-18.66%
6 Month-21.5%
12 Month-41.23%
2 Year-59.59%
3 Year-58.39%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)57.18
LBB3.75
UBB4.78
MONTAUK RENEWABLES INC
NASDAQ:MNTK (1/22/2025, 1:52:42 PM)
4.34
-0.15 (-3.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-3.34%
1 Week13.1%
2 Weeks-9.11%
1 Month19.73%
3 Month-18.66%
6 Month-21.5%
12 Month-41.23%
2 Year-59.59%
3 Year-58.39%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%6.3%
ATR Inc-36.94%
Range Today0.23
ADR(20)0.25
ADR(20)%5.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.01
Mansfield-1.67
10 Day High4.77
10 Day Low3.84
20 Day High4.96
20 Day Low3.66
52 Week High7.75
52 Week Low3.38
CS1 End4.13
CR1 Start4.65
Volume & EV
DER(3)3.36%
DER(5)2.53%
Volume61.88K
Volume Incr-33.95%
Vol(5)121.60K
Vol(50)206.19K