SINGING MACHINE CO INC/THE (MICS) Technical Analysis
NASDAQ:MICS • US8293224031
Current stock price
MICS Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to MICS. Recently some decent action could be observed, but in the medium term time frame this is still negative. MICS was also a bad performer in the overall market in the last year.
- 94% of all other stocks performed better in the past year than MICS.
- MICS is part of the Household Durables industry. There are 60 other stocks in this industry, of which 94% are performing better than MICS.
- MICS 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 MICS is lagging the market.
- MICS 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.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
MICS Weekly and Daily overview Charts
MICS Setup Rating and Analysis
The technical rating of MICS is bad and it also does not present a 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
MICS Support and Resistance Analysis
0.73
2 important resistance areas can be observed.
- A resistance zone ranging from 0.76 to 0.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.25 to 1.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
MICS 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 MICS is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MICS is up. |
| ChartMill Relative Strength | 6.13 | NEGATIVE | MICS has a low relative strength, it was outperformed by 93.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MICS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MICS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MICS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.95 | NEUTRAL | The RSI value for MICS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MICS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.79 | NEUTRAL | The Stochastics value for MICS is a neutral value. |
| Average True Range in percent/ATR (20) | 11.7 | HIGH VOLATILITY | The high ATR as a percentage value for MICS suggests high volalility. |
| Average Directional Index/ADX (14) | 32.85 | POSITIVE | The high ADX value value for MICS suggests a strong trend. |
MICS Chart- and CandleStick Pattern Analysis
MICS Technicals: Chart, Performance Metrics, Trend & Indicators
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+0 (+0.14%)
SINGING MACHINE CO INC/THE / MICS TA FAQ
Can you provide the ChartMill technical rating for SINGING MACHINE CO INC/THE?
ChartMill assigns a technical rating of 2 / 10 to MICS.
What is the trend direction for MICS stock?
The current trend direction for SINGING MACHINE CO INC/THE (MICS) is Bearish.
What is the RSI signal for SINGING MACHINE CO INC/THE (MICS) stock?
SINGING MACHINE CO INC/THE (MICS) has an RSI value of 60.9466. This indicates that the stock is currently neutral.
What is the MACD signal for SINGING MACHINE CO INC/THE (MICS) stock?
The MACD indicator for SINGING MACHINE CO INC/THE (MICS) has a value of 0.0477353, indicating a bearish trend.
Can you provide the buy/sell signal for SINGING MACHINE CO INC/THE?
The buy/sell signal for SINGING MACHINE CO INC/THE (MICS) is hold as the short term and long term trends are mixed.