MMTEC INC (MTC) Stock Technical Analysis
NASDAQ:MTC - Nasdaq - VGG6181K1140 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to MTC. MTC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MTC is a bad performer in the overall market: 97% of all stocks are doing better.
MTC is one of the lesser performing stocks in the Software industry. 86% of 284 stocks in the same industry do better.
MTC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MTC has a been trading in the 1.31 - 1.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MTC does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for MTC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.49
1.65
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.51 to 1.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.58 to 1.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.87
Mansfield-8.04
10 Day High1.75
10 Day Low1.31
20 Day High1.75
20 Day Low1.31
52 Week High103.2
52 Week Low1.26
Performance
1 Week-6.21%
2 Weeks3.42%
1 Month-3.21%
3 Month-19.51%
6 Month-39.13%
12 Month-82.19%
2 Year-83.59%
3 Year-96.05%
5 Year-98.74%
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
RSI(14)48.63
LBB1.34
UBB1.69
1.51
+0.13 (+9.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg9.42%
1 Week-6.21%
2 Weeks3.42%
1 Month-3.21%
3 Month-19.51%
6 Month-39.13%
12 Month-82.19%
2 Year-83.59%
3 Year-96.05%
5 Year-98.74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%8.62%
ATR Inc15.98%
Range Today0.13
ADR(20)0.12
ADR(20)%8.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.87
Mansfield-8.04
10 Day High1.75
10 Day Low1.31
20 Day High1.75
20 Day Low1.31
52 Week High103.2
52 Week Low1.26
CS1 EndN/A
CR1 Start1.51
Volume & EV
DER(3)4.36%
DER(5)-5.28%
Volume235.40K
Volume Incr70.46%
Vol(5)180.84K
Vol(50)914.26K