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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
Tue, 22 Aug 2017NoneBearish EngulfingMon, 21 Aug 20171.94%
***Stock database and scans are updated around midnight (New York time) every trading day.
12.60 0.00 (0%) Aug 23 3:32pm EDT
Open: 12.65 Range: 12.50 - 12.65 Vol: 5.72K Avg Vol: 7.16K
EPS: 1.32 P/E ratio: 9.59 EBITDA: 0.00 Mkt Cap: 23.54M
Analyze "MTR" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 12.47
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 12.36
Last Trade is above the 50 day moving average at 12.12
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 12.23
* 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 91% of the time with an average daily volume of 7.2K shares being traded. The 50 day moving average, currently at 12.12, 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 is in a trading range and is generally bucking the trend with a bearish bias. MTR was only able to maintain above the 20 SMA for 45% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. 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 12.12 and 12.23 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 - Tue, 22 Aug 2017
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