MELEXIS NV (MELE.BR) Stock Technical Analysis
EBR:MELE - Euronext Brussels - BE0165385973 - Common Stock - Currency: EUR
We assign a technical rating of 7 out of 10 to MELE. Although MELE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, MELE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 66.21. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
56.62
We found 1 important support area.
- A support zone ranging from 57.19 to 57.33. 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 66.21 to 67.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @75.13 from a trend line in the weekly time frame.
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 MELE.BR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MELE.BR is up. |
| ChartMill Relative Strength | 32.96 | NEUTRAL | MELE.BR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MELE.BR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MELE.BR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MELE.BR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.87 | NEUTRAL | The RSI value for MELE.BR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MELE.BR has a negative trend. |
| Stochastics (14,3) | 83.58 | OVERBOUGHT | The high Stochastics value suggests MELE.BR may be overbought. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for MELE.BR suggests some volalility. |
| Average Directional Index/ADX (14) | 32.67 | POSITIVE | The high ADX value value for MELE.BR 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 |
|---|---|---|---|
| 67.46 | 64.24 | 3.22 (4.77%) | 20.95% |
| An entry @67.46. This is a Buy Stop order right above the resistance zone. | An exit @64.24. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.22 points, which is 4.77%. | When investing 20.95% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
EBR:MELE (6/19/2025, 7:00:00 PM)
66.2
-0.1 (-0.15%)