MTN Should I Buy

MTN is not a good buy right now for an impatient buyer. The chart is in a clear downtrend (bearish moving-average stack, worsening MACD), price is slipping below near-term support, and the fundamental/news flow is tilted negative (weather + Canadian visitation concerns). While RSI is deeply oversold and could spark a bounce, there is no Intellectia buy signal to justify stepping in ahead of confirmation—so the better call is to avoid/stand aside rather than buy this pre-market dip.

Trend and momentum are bearish. Pre-market is ~131.36, which is below S1 (132.112) and closer to S2 (128.673), indicating support has already been lost and downside risk remains. - Moving Averages: Bearish alignment (SMA_200 > SMA_20 > SMA_5) confirms a sustained downtrend. - MACD: Histogram is -0.593 and negatively expanding, signaling weakening momentum and trend continuation risk. - RSI (6): 22.2 is effectively oversold (despite the provided label), which can produce short-lived rebounds, but in strong downtrends oversold can persist. - Key levels: Pivot 137.68 is the first “trend-repair” area; below that the tape remains heavy. Near-term resistance levels are 143.25 and 146.69. - Pattern-based odds: 60% chance of -0.64% next day and -1.16% next week, with a modest +1.65% month outlook—suggesting near-term pressure with only a later stabilization attempt. **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): no signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.