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(MTOR) Meritor Inc complete technical analysis [charts+indicators] | Buy/Sell Meritor Inc | (MTOR) share price targets

Complete technical analysis of Meritor Inc (MTOR) by charts plus indicators, forecast predictions and share price targets for Meritor Inc (MTOR)

Meritor Inc trades in USA in Capital Goods sector.

Showing technical analysis as on 2021-03-31 View latest technical analysis

10 day averaged volume of Meritor Inc is 518860

Date Daily Closing Price Open High Low Volume
31 Wed Mar 2021 29.42 29.82 30.30 29.26 1.304 times
30 Tue Mar 2021 29.80 29.25 29.94 29.17 1.024 times
29 Mon Mar 2021 29.28 29.85 30.60 29.22 0.92 times
26 Fri Mar 2021 29.93 29.07 29.94 28.89 0.735 times
25 Thu Mar 2021 28.66 27.46 28.76 27.09 0.805 times
24 Wed Mar 2021 27.87 28.61 29.09 27.84 0.854 times
23 Tue Mar 2021 28.17 29.52 29.77 28.05 1.173 times
22 Mon Mar 2021 29.98 31.23 31.31 29.88 0.737 times
19 Fri Mar 2021 31.39 31.79 31.86 31.07 2.121 times
18 Thu Mar 2021 31.84 32.22 32.93 31.70 0.728 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 29.1 as stoploss in an intra day buy trade for a target of 30.54. However, stock will show a bearish move below 29.1.

Share price targets for Meritor Inc (MTOR)

Target Type Value
Downside Target 24.15
Downside Target 25.47
Downside Target 27.09
Downside Target 28.65
Upside Target 30.60
Upside Target 31.07
Upside Target 31.31
Upside Target 31.91
Upside Target 32.69
Upside Target 32.93
Upside Target 33.56

Intraday share price targets for Meritor Inc (MTOR)

Target Type Value
Downside Intraday Target 28.86
Downside Intraday Target 28.3
Upside Intraday Target 30.29
Upside Intraday Target 31.16
Upside Intraday Target 29.73

Weekly technical analysis of Meritor Inc (MTOR)

Date Weekly Closing Price Open High Low Volume
31 Wed Mar 2021 29.42 29.85 30.60 29.17 0.754 times
26 Fri Mar 2021 29.93 31.23 31.31 27.09 0.794 times
19 Fri Mar 2021 31.39 32.52 32.93 31.07 0.852 times
12 Fri Mar 2021 32.60 30.53 32.69 30.04 1.075 times
05 Fri Mar 2021 30.19 31.11 31.91 28.65 2.633 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Meritor Inc (MTOR)

Date Monthly Closing Price Open High Low Volume
31 Wed Mar 2021 29.42 31.14 32.93 27.09 1.279 times
26 Fri Feb 2021 30.37 26.13 33.56 25.84 1.107 times
29 Fri Jan 2021 25.81 28.19 29.53 25.47 0.849 times
31 Thu Dec 2020 27.91 26.94 29.09 26.08 0.956 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Meritor Inc (MTOR)

Indicator Name Indicator Value Indicator Signal
ADX 21, 26, 12 Sell
MACD -0, -0Sell
Stochastics 41None
CCI -8Buy
RSI 50Buy
OBV -635100Sell
VWAP 30Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

Price action analysis of Meritor Inc ( (MTOR) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Meritor Inc ( (MTOR) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Meritor Inc ( (MTOR) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Meritor Inc ( (MTOR) ) based on a mid to longer term time period is

ADX buy sell signal for Meritor Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Meritor Inc in short term and the sell signal is strong.

Meritor Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Meritor Inc in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Meritor Inc is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 29.76 and Meritor Inc (MTOR) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Meritor Inc (MTOR) stock. Volume based technical analysis of Meritor Inc (MTOR) stock is negative.

Meritor Inc Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Daily charts

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Daily chart
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