Melrose Bancorp Inc. (MELR) Technical Analysis
NASDAQ:MELR
Current stock price
MELR Technical Rating and Analysis
Overall MELR gets a technical rating of 0 out of 10. MELR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, MELR is a bad performer in the overall market: 65% of all stocks are doing better.
- MELR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MELR is lagging the market.
- In the last month MELR has a been trading in the 17.69 - 19.00 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: MELR has an average volume of 2626 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Volume is considerably higher in the last couple of days.
MELR Weekly and Daily overview Charts
MELR Setup Rating and Analysis
MELR has a poor technical rating and the quality of the setup is also not perfect 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
MELR Support and Resistance Analysis
17.23
When analyzing the support we can see 2 important areas.
- Support @17.70 from a horizontal line in the weekly time frame.
- Support @17.40 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 17.90 to 18.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.00 to 20.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
MELR 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 | DOWN | NEGATIVE | The long term trend for MELR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MELR is down. |
| ChartMill Relative Strength | 35.35 | NEUTRAL | MELR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MELR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MELR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MELR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.56 | NEUTRAL | The RSI value for MELR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MELR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.01 | OVERSOLD | The low Stochastics value suggests MELR may be oversold. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for MELR suggests low volalility. |
MELR Chart- and CandleStick Pattern Analysis
MELR Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MELR (7/8/2019, 8:00:00 PM)
17.71
-0.06 (-0.34%)
Melrose Bancorp Inc. / MELR TA FAQ
What is the technical rating for MELR stock?
ChartMill assigns a technical rating of 0 / 10 to MELR.
What is the current trend direction of Melrose Bancorp Inc. (MELR) stock?
The current trend direction for Melrose Bancorp Inc. (MELR) is Bearish.
Can you provide the RSI signal for Melrose Bancorp Inc.?
Melrose Bancorp Inc. (MELR) has an RSI value of 36.5647. This indicates that the stock is currently neutral.
What is the short term momentum for Melrose Bancorp Inc. (MELR) stock?
The short term momentum for Melrose Bancorp Inc. (MELR) is negative.
Can you provide the buy/sell signal for Melrose Bancorp Inc.?
The buy/sell signal for Melrose Bancorp Inc. (MELR) is sell as both the short term and long term trends are negative.