METROMILE INC (MILE) Stock Technical Analysis
USA - NASDAQ:MILE - US5916971071 - Common Stock
Taking everything into account, MILE scores 3 out of 10 in our technical rating. In the past year, MILE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
MILE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for MILE in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
0.93
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.97 to 0.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.94 to 0.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.06 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.13 to 1.13. 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 MILE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MILE is neutral. |
| ChartMill Relative Strength | 11.32 | NEGATIVE | MILE has a low relative strength, it was outperformed by 88.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MILE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MILE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MILE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.68 | NEUTRAL | The RSI value for MILE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MILE has a positive trend. |
| Stochastics (14,3) | 36.46 | NEUTRAL | The Stochastics value for MILE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.56 | HIGH VOLATILITY | The high ATR as a percentage value for MILE suggests high volalility. |
1.05
+0.07 (+7.67%)
METROMILE INC / MILE FAQ
What is the technical rating for MILE stock?
ChartMill assigns a technical rating of 3 / 10 to MILE.
What is the trend direction for MILE stock?
The current trend direction for METROMILE INC (MILE) is Bearish.
What is the RSI signal for MILE stock?
METROMILE INC (MILE) has an RSI value of 56.6792. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for METROMILE INC?
METROMILE INC (MILE) has a support level at 0.99 and a resistance level at 1.06. Check the full technical report for our detailed analysis of MILE support and resistance levels.