SINGING MACHINE CO INC/THE (MICS) Stock Technical Analysis
NASDAQ:MICS - Nasdaq - US8293224031 - Common Stock - Currency: USD
Taking everything into account, MICS scores 2 out of 10 in our technical rating. 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.
When comparing the yearly performance of all stocks, MICS is a bad performer in the overall market: 94% of all stocks are doing better.
MICS is part of the Household Durables industry. There are 64 other stocks in this industry, of which 92% are performing better than MICS.
MICS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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 long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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
0.73
1.27
When analyzing the resistance we notice 2 important areas.
- 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.
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. |
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)
0.74
+0 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg0.14%
1 Week25.21%
2 Weeks74.2%
1 Month44.64%
3 Month-60.43%
6 Month-29.52%
12 Month-30.52%
2 Year-86.79%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%11.7%
ATR Inc-52.54%
Range Today0.04
ADR(20)0.08
ADR(20)%11.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.13
Mansfield-2.89
10 Day High0.91
10 Day Low0.44
20 Day High0.91
20 Day Low0.38
52 Week High1.97
52 Week Low0.35
CS1 EndN/A
CR1 Start0.76
Volume & EV
DER(3)9.89%
DER(5)2.58%
Volume41.00K
Volume Incr197.54%
Vol(5)343.00K
Vol(50)638.78K