MICHELIN (CGDE) (MCHA.DE) Stock Technical Analysis
FRA:MCHA • FR001400AJ45
Taking everything into account, MCHA scores 6 out of 10 in our technical rating. MCHA 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.
- 100% of all other stocks performed better in the past year than MCHA.
- MCHA is one of the lesser performing stocks in the Automobile Components industry. 93% of 31 stocks in the same industry do better.
- Warning: MCHA has an average volume of 639 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- MCHA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
MCHA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 33.72, a Stop Loss order could be placed below this zone.
More info and screens
31.30
3 important support areas can be observed.
- A support zone ranging from 33.27 to 33.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.28 to 32.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @31.62 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.24 to 34.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MCHA.DE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCHA.DE is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MCHA.DE has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCHA.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCHA.DE is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 67.53 | NEUTRAL | The RSI value for MCHA.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MCHA.DE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.47 | NEUTRAL | The Stochastics value for MCHA.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for MCHA.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 34.85 | POSITIVE | The high ADX value value for MCHA.DE suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 34.25 | 33.26 | 0.99 (2.89%) | 25.00% |
| An entry @34.25. This is a Buy Stop order right above the resistance zone. | An exit @33.26. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.99 points, which is 2.89%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FRA:MCHA (2/20/2026, 7:00:00 PM)
33.73
+0.23 (+0.69%)
MICHELIN (CGDE) / MCHA.DE FAQ
Can you provide the ChartMill technical rating for MICHELIN (CGDE)?
ChartMill assigns a technical rating of 6 / 10 to MCHA.DE.
What is the current trend direction of MICHELIN (CGDE) (MCHA.DE) stock?
The current trend direction for MICHELIN (CGDE) (MCHA.DE) is Bullish.
Can you provide the RSI signal for MICHELIN (CGDE)?
MICHELIN (CGDE) (MCHA.DE) has an RSI value of 67.5342. This indicates that the stock is currently neutral.
What is the short term momentum for MICHELIN (CGDE) (MCHA.DE) stock?
The short term momentum for MICHELIN (CGDE) (MCHA.DE) is positive.
What is the support and resistance level for MCHA stock?
MICHELIN (CGDE) (MCHA.DE) has a support level at 33.72 and a resistance level at 34.24. Check the full technical report for our detailed analysis of MCHA.DE support and resistance levels.