MULTI COLOR CORP (LABL) Technical Analysis
NASDAQ:LABL
Current stock price
LABL Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to LABL. LABL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 76% of all other stocks performed better in the past year than LABL.
- Both the short term and long term trends are positive. This is a very positive sign.
- LABL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LABL is lagging the market slightly.
- In the last month LABL has a been trading in a tight range between 49.85 and 50.10.
- Volume is considerably higher in the last couple of days.
LABL Weekly and Daily overview Charts
LABL Setup Rating and Analysis
LABL has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
LABL Support and Resistance Analysis
49.04
When analyzing the support we notice one important area.
- A support zone ranging from 49.54 to 50.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 50.05 to 50.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @51.49 from a horizontal line in the daily time frame.
LABL Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for LABL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LABL is up. |
| ChartMill Relative Strength | 24.96 | NEGATIVE | LABL has a low relative strength, it was outperformed by 75.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LABL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LABL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LABL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.11 | NEUTRAL | The RSI value for LABL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests LABL has a positive trend. |
| Stochastics (14,3) | 45.69 | NEUTRAL | The Stochastics value for LABL is a neutral value. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for LABL suggests low volalility. |
LABL Chart- and CandleStick Pattern Analysis
LABL Technicals: Chart, Performance Metrics, Trend & Indicators
50.01
+0.04 (+0.08%)
MULTI COLOR CORP / LABL TA FAQ
Can you provide the ChartMill technical rating for MULTI COLOR CORP?
ChartMill assigns a technical rating of 5 / 10 to LABL.
What is the current trend direction of MULTI COLOR CORP (LABL) stock?
The current trend direction for MULTI COLOR CORP (LABL) is Bullish.
Can you provide the RSI signal for MULTI COLOR CORP?
MULTI COLOR CORP (LABL) has an RSI value of 61.1101. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MULTI COLOR CORP?
The MACD indicator for MULTI COLOR CORP (LABL) has a value of 0.000241646, indicating a bearish trend.
Can you provide the short term momentum for MULTI COLOR CORP?
The short term momentum for MULTI COLOR CORP (LABL) is positive.