MITEL NETWORKS CORP (MITL) Stock Technical Analysis
NASDAQ:MITL • CA60671Q1046
We assign a technical rating of 9 out of 10 to MITL. Both in the recent history as in the last year, MITL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MITL is one of the better performing stocks in the market, outperforming 94% of all stocks.
- MITL 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.
- MITL has an average volume of 1282750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month MITL has a been trading in a tight range between 10.93 and 11.16.
- Volume is considerably higher in the last couple of days.
Although MITL has an excellent technical rating, it does not offer a high 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.
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10.34
2 important support areas can be observed.
- A support zone ranging from 10.95 to 11.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.21 to 11.21. 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 MITL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MITL is up. |
| ChartMill Relative Strength | 94.2 | POSITIVE | MITL has a high relative strength, it outperformed 94.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MITL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MITL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MITL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.15 | OVERBOUGHT | The high RSI value suggests MITL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MITL has a positive trend. |
| Stochastics (14,3) | 94.99 | OVERBOUGHT | The high Stochastics value suggests MITL may be overbought. |
| Average True Range in percent/ATR (20) | 0.34 | LOW VOLATILITY | The low ATR as a percentage value for MITL suggests low volalility. |
11.15
+0.01 (+0.09%)
MITEL NETWORKS CORP / MITL FAQ
What is the ChartMill technical rating of MITEL NETWORKS CORP (MITL) stock?
ChartMill assigns a technical rating of 8 / 10 to MITL.
Can you provide the trend direction for MITEL NETWORKS CORP?
The current trend direction for MITEL NETWORKS CORP (MITL) is Bullish.
Can you provide the RSI signal for MITEL NETWORKS CORP?
MITEL NETWORKS CORP (MITL) has an RSI value of 74.1517. This indicates that the stock is currently overbought.
What is the short term momentum for MITEL NETWORKS CORP (MITL) stock?
The short term momentum for MITEL NETWORKS CORP (MITL) is positive.
Can you provide the support and resistance levels for MITEL NETWORKS CORP?
MITEL NETWORKS CORP (MITL) has a support level at 11.07 and a resistance level at 11.21. Check the full technical report for our detailed analysis of MITL support and resistance levels.