Logo image of MNTX

MANITEX INTERNATIONAL INC (MNTX) Stock Technical Analysis

NASDAQ:MNTX - Nasdaq - US5634201082 - Common Stock - Currency: USD

5.8  +0.01 (+0.17%)

Technical Rating and Analysis

6

Taking everything into account, MNTX scores 6 out of 10 in our technical rating. Although MNTX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, MNTX is a bad performer in the overall market: 82% of all stocks are doing better.
MNTX is part of the Machinery industry. There are 129 other stocks in this industry, of which 67% are performing better than MNTX.
Both the short term and long term trends are positive. This is a very positive sign.
MNTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MNTX is lagging the market.
In the last month MNTX has a been trading in a tight range between 5.71 and 5.81.
Weekly and Daily overview Charts
MANITEX INTERNATIONAL INC / MNTX Weekly stock chart
MANITEX INTERNATIONAL INC / MNTX Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is only medium, MNTX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.77, 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.
Support and Resistance Analysis

5.50

5.90

We found 2 important support areas.

  • A support zone ranging from 5.65 to 5.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @5.56 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 5.81 to 5.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.62
Mansfield-0.95
10 Day High5.81
10 Day Low5.71
20 Day High5.81
20 Day Low5.71
52 Week High8.38
52 Week Low3.07
Performance
1 Week0.17%
2 Weeks0.87%
1 Month1.05%
3 Month1.75%
6 Month40.78%
12 Month-31.12%
2 Year45%
3 Year-8.81%
5 Year-2.52%
10 Year-54.37%
15 Year202.08%
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
RSI(14)65.91
LBB5.71
UBB5.82
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.

ENTRYEXITDISTANCECAPITAL
5.855.700.15 (2.56%)25.00%
An entry @5.85. This is a Buy Stop order right above the resistance zone.An exit @5.70. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.15 points, which is 2.56%.For a 0.64% 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.
MANITEX INTERNATIONAL INC / MNTX Daily stock chart

MANITEX INTERNATIONAL INC

NASDAQ:MNTX (12/31/2024, 8:00:00 PM)

5.8

+0.01 (+0.17%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.17%
1 Week0.17%
2 Weeks0.87%
1 Month1.05%
3 Month1.75%
6 Month40.78%
12 Month-31.12%
2 Year45%
3 Year-8.81%
5 Year-2.52%
10 Year-54.37%
15 Year202.08%
Volatility
ATR(14)0.03
ATR(20)%0.43%
ATR Inc-42.47%
Range Today0.02
ADR(20)0.02
ADR(20)%0.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.62
Mansfield-0.95
10 Day High5.81
10 Day Low5.71
20 Day High5.81
20 Day Low5.71
52 Week High8.38
52 Week Low3.07
CS1 End5.77
CR1 Start5.81
Volume & EV
DER(3)-0.56%
DER(5)-2.53%
Volume216.90K
Volume Incr25.27%
Vol(5)116.12K
Vol(50)103.89K