The Michaels Comp (MIK) Stock Technical Analysis
NASDAQ:MIK - Nasdaq -
Overall MIK gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MIK is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MIK did better than 98% of all other stocks. On top of that, MIK also shows a nice and consistent pattern of rising prices.
MIK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
MIK 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.
MIK has an average volume of 5608180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MIK has a been trading in a tight range between 21.76 and 22.18.
Besides having an excellent technical rating, MIK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 21.96, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.50
22.24
We found 4 important support areas.
- A support zone ranging from 21.85 to 21.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.42 to 18.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.71 from a trend line in the daily time frame.
- Support @11.62 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 21.98 to 22.02. 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 | UP | POSITIVE | The long term trend for MIK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MIK is up. |
| ChartMill Relative Strength | 98.67 | POSITIVE | MIK has a high relative strength, it outperformed 98.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MIK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MIK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MIK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.68 | OVERBOUGHT | The high RSI value suggests MIK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests MIK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.6 | NEUTRAL | The Stochastics value for MIK is a neutral value. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for MIK suggests low volalility. |
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 |
|---|---|---|---|
| 22.03 | 21.84 | 0.19 (0.86%) | 25.00% |
| An entry @22.03. This is a Buy Stop order right above the resistance zone. | An exit @21.84. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.19 points, which is 0.86%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.22%. |
- 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.
21.97
-0.03 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.14%
1 Week0.05%
2 Weeks0.41%
1 Month0.27%
3 Month33.39%
6 Month111.05%
12 Month807.85%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.42%
ATR Inc-60.16%
Range Today0.04
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.67
Mansfield7.49
10 Day High22.18
10 Day Low21.85
20 Day High22.18
20 Day Low21.76
52 Week High22.42
52 Week Low1.86
CS1 End21.96
CR1 Start21.98
Volume & EV
DER(3)0.6%
DER(5)1.08%
Volume6.68M
Volume Incr-2.4%
Vol(5)3.56M
Vol(50)5.61M