METROMILE INC (MILE) Technical Analysis
NASDAQ:MILE • US5916971071
Current stock price
MILE Technical Rating and Analysis
Overall MILE gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MILE was also a bad performer in the overall market in the last year.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, MILE is a bad performer in the overall market: 89% of all stocks are doing better.
- MILE is one of the lesser performing stocks in the Insurance industry. 80% of 147 stocks in the same industry do better.
- MILE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MILE has a been trading in the 0.85 - 1.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
MILE Weekly and Daily overview Charts
MILE Setup Rating and Analysis
Although the technical rating is bad, MILE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
MILE Support and Resistance Analysis
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.
We can see 2 important resistance 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.
MILE 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 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. |
MILE Chart- and CandleStick Pattern Analysis
MILE Technicals: Chart, Performance Metrics, Trend & Indicators
1.05
+0.07 (+7.67%)
METROMILE INC / MILE TA FAQ
What is the technical rating for MILE stock?
ChartMill assigns a technical rating of 3 / 10 to MILE.
What is the current trend direction of METROMILE INC (MILE) stock?
The current trend direction for METROMILE INC (MILE) is Bearish.
What is the RSI signal for METROMILE INC (MILE) stock?
METROMILE INC (MILE) has an RSI value of 56.6792. This indicates that the stock is currently neutral.
Can you provide the short term momentum for METROMILE INC?
The short term momentum for METROMILE INC (MILE) is 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.