Gotcha70 schreef op 30 november 2021 20:04:
Technische analyse op chartmill.com (MT.AS)
Overall MT gets a technical rating of 1 out of 10. MT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MT has an average volume of 5818760. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, MT outperforms 65% of them, which is more or less in line with the market.
MT is part of the Metals & Mining industry. There are 23 other stocks in this industry, MT did better than 65% of them.
MT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MT is lagging the market slightly.
In the last month MT has a been trading in the 24.20 - 29.39 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
We found 1 important support area.
Support @23.78 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
A resistance zone ranging from 24.24 to 24.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 26.27 to 27.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @28.62 from a trend line in the weekly time frame.
Resistance @29.41 from a horizontal line in the daily time frame.