MESOBLAST LTD- SPON ADR (MESO) Stock Technical Analysis
NASDAQ:MESO - US5907174016 - ADR
15.81 USD
+0.64 (+4.22%)
15.7 USD
-0.11 (-0.7%)
We assign a technical rating of 10 out of 10 to MESO. Both in the recent history as in the last year, MESO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MESO did better than 96% of all other stocks. We also observe that the gains produced by MESO over the past year are nicely spread over this period.
MESO is one of the better performing stocks in the Biotechnology industry, it outperforms 92% of 549 stocks in the same industry.
MESO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MESO is lagging the market.
In the last month MESO has a been trading in the 14.65 - 16.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, MESO also presents a decent setup pattern. Prices have been consolidating lately. 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 16.19. Right above this resistance zone may be a good entry point.
More info and screens
9.93
17.32
5 important support areas can be observed.
- Support @14.69 from a horizontal line in the daily time frame.
- Support @11.52 from a trend line in the weekly time frame.
- Support @10.70 from a trend line in the weekly time frame.
- Support @10.38 from a horizontal line in the daily time frame.
- Support @10.03 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 16.19 to 16.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.98 to 17.15. This zone is formed by a combination of multiple trend lines in the daily 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 MESO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MESO is up. |
| ChartMill Relative Strength | 96.57 | POSITIVE | MESO has a high relative strength, it outperformed 96.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MESO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MESO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MESO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.97 | NEUTRAL | The RSI value for MESO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests MESO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.42 | NEUTRAL | The Stochastics value for MESO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for MESO suggests some volalility. |
| Average Directional Index/ADX (14) | 25.87 | POSITIVE | The high ADX value value for MESO suggests a strong 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 |
|---|---|---|---|
| 16.37 | 14.64 | 1.73 (10.57%) | 9.46% |
| An entry @16.37. This is a Buy Stop order right above the resistance zone. | An exit @14.64. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.73 points, which is 10.57%. | For a 1.00% total portfolio risk, you can invest 9.46% of your capital in this trade. |
- 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.
15.81
+0.64 (+4.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.22%
1 Week-2.71%
2 Weeks5.19%
1 Month-3.36%
3 Month45.71%
6 Month-3.42%
12 Month141.01%
2 Year390.99%
3 Year167.06%
5 Year-59.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%3.33%
ATR Inc10.56%
Range Today0.77
ADR(20)0.44
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.57
Mansfield1.49
10 Day High16.38
10 Day Low14.65
20 Day High16.38
20 Day Low14.65
52 Week High22
52 Week Low6
CS1 End14.69
CR1 Start16.19
Volume & EV
DER(3)-2.48%
DER(5)-2.32%
Volume162.20K
Volume Incr-21.3%
Vol(5)146.42K
Vol(50)232.44K