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Stock Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Mesa Royalty Trust (NYSE:MTR)

Bull Market Weakness (+75) - MTR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MTR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid MTR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MTR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_MTR
Open High Low MTR Price Change
10.5500 10.6349 10.4220 10.6200 +0.2200
Entry Signal

MarketClub’s Trade Triangles for MTR

long term down The long-term trend has been DOWN since Sep 7th, 2023 at 17.5500

intermediate term up The intermediate-term trend has been UP since Feb 29th, 2024 at 10.8812

short term up The short-term trend has been UP since Mar 25th, 2024 at 10.3000

Smart Scan Analysis for MTR

Based on our trend formula, MTR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MTR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.5500 10.6349 10.4220 10.6200 +0.2200
Prev. Close Volume Bid Ask Time
10.6200 3840 2024-03-28 15:40:56
Year High19.85Year High Date2018-01-03
Year Low13.175Year Low Date2018-10-31
52wk High29.552wk High Date2023-05-24
52wk Low8.850152wk Low Date2024-02-23
Year End Close19.31Average Volume8,497
Shares Outstanding1,864Short Interest3,123
% Institutional7.2Market Cap15M
Assets3,236,941MLiabilities264,293M
P/E Ratio4.3406Beta0.67
Volatility19.7
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