The Michaels Comp (MIK) Stock Technical Analysis
USA - NASDAQ:MIK -
We assign a technical rating of 10 out of 10 to MIK. 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.
MIK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
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. |
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%)
The Michaels Comp / MIK FAQ
What is the ChartMill technical rating of The Michaels Comp (MIK) stock?
ChartMill assigns a technical rating of 10 / 10 to MIK.
What is the trend direction for MIK stock?
The current trend direction for The Michaels Comp (MIK) is Bullish.
Can you provide the RSI signal for The Michaels Comp?
The Michaels Comp (MIK) has an RSI value of 75.6822. This indicates that the stock is currently overbought.
What is the MACD signal for The Michaels Comp (MIK) stock?
The MACD indicator for The Michaels Comp (MIK) has a value of -0.203585, indicating a bearish trend.
Can you provide the support and resistance levels for The Michaels Comp?
The Michaels Comp (MIK) has a support level at 21.96 and a resistance level at 21.98. Check the full technical report for our detailed analysis of MIK support and resistance levels.