MTN Group: Long Term Trend Analysis

Research Notes October 2025 > https://www.unum.capital/post/roct2025

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MTN is in a dominant, accelerating multi-year uptrend on the weekly chart, pushing aggressively toward its 2022 high. Current Price: 17,015c.

Comprehensive Summary

MTN's weekly chart is flashing extreme overbought signals across the Ultra Short-Term and Short-Term timeframes, indicating a buying climax. This vertical momentum has brought the price right up to the major resistance area around 17,000c. While the Mid-Term and Base Term indicators confirm the structural strength of the long-term rally, the immediate technical risk is high due to exhaustion. A pullback to the Mid-Term support cluster is the most likely outcome, offering a better, lower-risk entry point for investors targeting a long-term breakout.

Multi-Timeframe Momentum Analysis

Momentum is at multi-year extremes, indicating the current rally is stretched: the Ultra Short-Term momentum is deep in the OVERBOUGHT tier and sloping upwards, indicating extreme, accelerating buying pressure that cannot be sustained. The Short-Term momentum is also deep in the OVERBOUGHT tier and sloping upwards, confirming high short-term conviction but also immediate technical exhaustion. The Mid-Term momentum is firmly in the Approaching Overbought tier and sloping steeply upwards, reinforcing the strong structural integrity of the multi-month rally. Finally, the Base Term momentum is in the STRONG tier and sloping steeply upwards, indicating robust long-term buying engagement.

Key Actionable Zones

The primary ceiling is the Short-Term Resistance zone of 17,300c - 17,600c, marking the 2022 high. This area is a high-risk inflection point for profit-taking. The anticipated, high-probability support area for a healthy correction is the Mid-Term Support/Pivot zone of 15,000c - 14,500c, which should anchor the structural move. The ultimate defense lies at the Base Term Structural Support (12,000c), which defines the long-term bullish structural low.

MTN Weekly Chart

Lester Davids

Senior Investment Analyst: Unum Capital