Technical Analysis for MNTK - Montauk Renewables, Inc.

Grade Last Price % Change Price Change
F 3.97 -1.73% -0.07
MNTK closed down 1.73 percent on Wednesday, November 20, 2024, on 84 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Calm After Storm Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Calm After Storm Range Contraction -1.73%
Narrow Range Bar Range Contraction -1.73%
Lower Bollinger Band Walk Weakness -1.73%
Wide Bands Range Expansion -1.73%
Oversold Stochastic Weakness -1.73%
Calm After Storm Range Contraction -1.73%

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Profile

Montauk Renewables, Inc. Description

Montauk Renewables, Inc. focuses on operating as a holding company for Montauk Energy Holdings LLC that operates as a renewable energy company. It engages in the recovery and processing of environmentally detrimental methane (biogas) from landfills and other non-fossil fuel sources. The company develops, owns, and operates renewable natural gas (RNG) projects using technologies that supply RNG into the transportation industry and use RNG to produce electrical power for the electrical grid. Its customers for RNG and renewable identification numbers include long-term owner-operators of landfills and livestock farms, local utilities, and refiners in the natural gas and refining sectors; and electricity primarily comprise investor-owned and municipal electricity utilities that purchase electricity pursuant to fixed-price agreements. The company was incorporated in 2020 and is based in Pittsburgh, Pennsylvania.


Classification

Sector: Utilities
Industry: Utilities - Diversified
Keywords: Natural Gas Electricity Renewable Energy Alternative Energy Biofuel Methane Energy Sources Transportation Industry Renewable Natural Gas Biogas Anaerobic Digestion Renewable Resource

Is MNTK a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 9.75
52 Week Low 3.38
Average Volume 185,041
200-Day Moving Average 5.00
50-Day Moving Average 5.19
20-Day Moving Average 5.15
10-Day Moving Average 4.62
Average True Range 0.35
RSI (14) 27.54
ADX 41.82
+DI 5.33
-DI 37.21
Chandelier Exit (Long, 3 ATRs) 4.98
Chandelier Exit (Short, 3 ATRs) 4.87
Upper Bollinger Bands 6.57
Lower Bollinger Band 3.73
Percent B (%b) 0.09
BandWidth 55.33
MACD Line -0.36
MACD Signal Line -0.17
MACD Histogram -0.1895
Fundamentals Value
Market Cap 570.34 Million
Num Shares 144 Million
EPS 0.11
Price-to-Earnings (P/E) Ratio 36.09
Price-to-Sales 5.38
Price-to-Book 3.82
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.31
Resistance 3 (R3) 4.29 4.17 4.25
Resistance 2 (R2) 4.17 4.08 4.17 4.23
Resistance 1 (R1) 4.07 4.03 4.01 4.08 4.21
Pivot Point 3.94 3.94 3.91 3.95 3.94
Support 1 (S1) 3.84 3.86 3.78 3.86 3.73
Support 2 (S2) 3.72 3.80 3.72 3.71
Support 3 (S3) 3.62 3.72 3.69
Support 4 (S4) 3.63