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Mesa Royalty Trust (MTR) - Buy, Sell or Hold?

Sector: Energy   Sub-Sector: Oil & Gas Production
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 19 Oct 2017DojiDojiTue, 10 Oct 2017-2.21%
***Stock database and scans are updated around midnight (New York time) every trading day.
14.77 0.00 (0%) Oct 20 10:15am EDT
Open: 15.3500 Range: 14.7000 - 15.3500 Vol: 6.07K Avg Vol: 8.45K
EPS: 1.32 P/E ratio: 11.77 EBITDA: 0.00 Mkt Cap: 28.88M
Analyze "MTR" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 15.59
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 15.76
Last Trade is above the 50 day moving average at 14.23
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 13.09
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MTR

Stock Trend Analysis - Buy, Sell or Hold "Mesa Royalty Trust" (MTR)?

MTR is in a very strong uptrend. In the last 52 weeks, MTR has been trading above the 200 day moving average for 95% of the time with an average daily volume of 8.5K shares being traded. The 50 day moving average, currently at 14.23, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average confirms this view as the underlying strength in MTR is still very strong with price maintaining above the 20 SMA for 90% of the time in the last month of trading. Traders however need to be cognizant of the fact that some retracement may set in as many may use the strength in price to lock in profits. Traders who are thinking of going long MTR shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 14.23 and 13.09 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MTR".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 19 Oct 2017
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