MELEXIS NV (MELE.BR) Stock Technical Analysis
EBR:MELE - Euronext Brussels - BE0165385973 - Common Stock - Currency: EUR
We assign a technical rating of 6 out of 10 to MELE. MELE 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.
90% of all other stocks performed better in the past year than MELE.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MELE 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.
MELE is part of the Semiconductors & Semiconductor Equipment industry. There are 53 other stocks in this industry, MELE did better than 57% of them.
MELE 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 MELE is lagging the market slightly.
MELE has an average technical rating and also the quality of the setup is only medium 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
56.20
77.84
When analyzing the support we notice one important area.
- A support zone ranging from 56.77 to 57.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 60.82 to 61.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @77.07 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 | NEUTRAL | NEUTRAL | The long term trend for MELE.BR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MELE.BR is up. |
| ChartMill Relative Strength | 10.24 | NEGATIVE | MELE.BR has a low relative strength, it was outperformed by 89.76% off all stocks 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 | NEGATIVE | The current price of MELE.BR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.04 | NEUTRAL | The RSI value for MELE.BR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MELE.BR has a negative trend. |
| Stochastics (14,3) | 55.62 | NEUTRAL | The Stochastics value for MELE.BR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for MELE.BR suggests some volalility. |
| Average Directional Index/ADX (14) | 20.3 | NEUTRAL | The ADX value for MELE.BR suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 59.30 | 56.76 | 2.54 (4.28%) | 23.35% |
| An entry @59.30. This is a Buy Stop order right above the 10 day moving average. | An exit @56.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.54 points, which is 4.28%. | When investing 23.35% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MELE. Please evaluate whether better entry and exit points can be found.
- 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 (5/23/2025, 7:00:00 PM)
57.25
-0.8 (-1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.38%
1 Week-5.61%
2 Weeks3.9%
1 Month5.34%
3 Month-6.22%
6 Month1.96%
12 Month-32.41%
2 Year-32.92%
3 Year-29.1%
5 Year-3.05%
10 Year-0.3%
15 Year622.85%
Volatility
ATR(14)1.99
ATR(20)%3.4%
ATR Inc27.51%
Range Today3.05
ADR(20)1.69
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.24
Mansfield-1.47
10 Day High61.8
10 Day Low56.45
20 Day High61.8
20 Day Low51
52 Week High87.2
52 Week Low42.34
CS1 End57.24
CR1 Start60.82
Volume & EV
DER(3)4.73%
DER(5)3.76%
Volume87.50K
Volume Incr14.5%
Vol(5)79.41K
Vol(50)71.61K