Meritor Inc (MTOR): Price Now Near $25.71; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for MTOR

At the moment, MTOR (Get Ratings)’s price is up $0.14 (0.55%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Automobiles and Trucks stocks, MTOR ranks 32nd in regards to today’s price percentage change.

MTOR’s Technical Outlook on the Daily Chart

At the moment, MTOR’s price is down $-0.08 (-0.31%) from the day prior. This move is a reversal from the day prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Meritor Inc’s price action over the past 90 days can be seen via the chart below.

MTOR

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MTOR: Daily RSI Analysis

  • For MTOR, its RSI is now at 87.5.
  • MTOR and RSI may be exhibiting divergent trends. This may be something to monitor.

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