MICHELIN (CGDE) (MCHA.DE) Stock Technical Analysis
Europe - Frankfurt Stock Exchange - FRA:MCHA - FR001400AJ45 - Common Stock
We assign a technical rating of 6 out of 10 to MCHA. In the last year, MCHA was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 100% of all other stocks performed better in the past year than MCHA.
- MCHA is part of the Automobile Components industry. There are 32 other stocks in this industry, of which 90% are performing better than MCHA.
- Warning: MCHA has an average volume of 794 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month MCHA has a been trading in the 27.88 - 30.43 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
MCHA has an average technical rating and it also does not offer a high quality setup 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
26.80
2 important support areas can be observed.
- A support zone ranging from 27.66 to 28.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.07 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.15 to 30.43. 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) | 67.14 | NEUTRAL | The RSI value for MCHA.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests MCHA.DE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.91 | OVERBOUGHT | The high Stochastics value suggests MCHA.DE may be overbought. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for MCHA.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 20.01 | NEUTRAL | The ADX value for MCHA.DE suggests a possible start of a new trend. |
FRA:MCHA (1/16/2026, 7:00:00 PM)
30.14
-0.29 (-0.95%)
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 67.1445. 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 28.24 and a resistance level at 30.15. Check the full technical report for our detailed analysis of MCHA.DE support and resistance levels.