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MTZ

Natuzzi might yet surprise us all. NTZThis one looks like it might impulse to new and major highs. An upward ABC pattern at play here, and it looks like we just caught the beginning of the move. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:NTZLong
by Rykin_Capital
MTZ, price moved above its 50-day Moving Average on Oct 05, 2020This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 52 similar cases, and 43 were successful. Based on this data, the odds of success are 83%. Current price $44.59 crossed the resistance line at $43.58 and is trading between $45.00 resistance and $43.58 resistance lines. Throughout the month of 09/02/20 - 10/05/20, the price experienced a -7% Downtrend, while the week of 09/28/20 - 10/05/20 shows a +2% Uptrend. Bullish Trend Analysis The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that in 52 of 64 cases where MTZ's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%. The Momentum Indicator moved above the 0 level on October 05, 2020. You may want to consider a long position or call options on MTZ as a result. Tickeron A.I. detected that in 75 of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 77%. The Moving Average Convergence Divergence (MACD) for MTZ just turned positive on October 05, 2020. Looking at past instances where MTZ's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 38 of 54 cases over the following month. The odds of a continued upward trend are 70%. Following a +5.78% 3-day Advance, the price is estimated to grow further. Considering data from situations where MTZ advanced for three days, in 228 of 318 cases, the price rose further within the following month. The odds of a continued upward trend are 72%. MTZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
NYSE:MTZLong
by AlTorress
1
MTZ setting up for a short and long term runAs pointed out by JXMFinancial, MTZ recently bounced off on a nice volume. I have expanded the idea provided with some more observations that made me take a bullish stance on the stock: - There is a long term uptrend and the price neatly bounced off the low of it. But wait, there's more - Technicals are all on the lows, *MACD in a nice setup to turn up for a long term run - best place to buy a stock *RSI, RMI, CCI are all on a low and turning up - Plus now we have a neat gap to fill at least while the technicals turn up The general picture turns really bullish after this, so unless some more news come out, i see the following: - Target 1: 32 ; I suspect at this level the MAs will cross and a MAcross signal will pop up - Target 2: 33.9 This coincides with the downtrend resistance 10% up from current levels and a nice place to book profits. - Target 3: 35.8 If it closes above this range, high chance of it heading to 37.4. - Sell Target: if below 27.87 The following levels just depict the forthcoming resistance levels towards the long term goal of the channel . The price will fluctuate of course on the road and may not reach the top should the trend change due to many yet unknown reasons.
NYSE:MTZLong
by A-shot