MTRK Technical Analysis - MOTORK PLC

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to MTRK. In the past year, MTRK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

When comparing the yearly performance of all stocks, MTRK is a bad performer in the overall market: 90% of all stocks are doing better.

MTRK 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.

Warning: MTRK has an average volume of 13191 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month MTRK has a been trading in the 3.73 - 4.50 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.

MTRK is part of the Software industry. There are 103 other stocks in this industry, MTRK did better than 47% of them.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, MTRK does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 4.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MTRK 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.68

5.05

We found 3 important support areas.

A support zone ranging from 4.06 to 4.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 3.78 to 3.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @3.72 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 4 important areas.

Resistance @4.37 from a trend line in the weekly time frame.
A resistance zone ranging from 4.49 to 4.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @4.71 from a trend line in the daily time frame.
Resistance @5.00 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for MTRK.AS is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for MTRK.AS is neutral.
ChartMill Relative Strength	10.8	NEGATIVE	MTRK.AS has a low relative strength, it was outperformed by 89.2% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MTRK.AS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MTRK.AS is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MTRK.AS is below a declining SMA(200).
Relative Strength Index/RSI (14)	51.61	NEUTRAL	The RSI value for MTRK.AS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests MTRK.AS has a positive trend, although the MACD value is declining.
Stochastics (14,3)	56.27	NEUTRAL	The Stochastics value for MTRK.AS is a neutral value.
Average True Range in percent/ATR (20)	4.64	MEDIUM VOLATILITY	The ATR as a percentage value for MTRK.AS suggests some volalility.
Average Directional Index/ADX (14)	18.6	NEGATIVE	The low ADX value for MTRK.AS suggests a weak or negative trend.