MICHELIN (CGDE) (ML.PA) Stock Technical Analysis
EPA:ML • FR001400AJ45
Overall ML gets a technical rating of 8 out of 10. Although ML is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- ML is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ML is lagging the market slightly.
- ML 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.
- ML has an average volume of 1814780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, ML outperforms 67% of them, which is more or less in line with the market.
- ML is part of the Automobile Components industry. There are 30 other stocks in this industry, ML did better than 51% of them.
Besides having an excellent technical rating, ML also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 34.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.86, a Stop Loss order could be placed below this zone.
More info and screens
27.41
3 important support areas can be observed.
- A support zone ranging from 32.99 to 33.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.25 to 32.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @27.69 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.49 to 34.49. 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 ML.PA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ML.PA is up. |
| ChartMill Relative Strength | 67.67 | NEUTRAL | ML.PA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ML.PA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ML.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ML.PA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.24 | OVERBOUGHT | The high RSI value suggests ML.PA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ML.PA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.65 | NEUTRAL | The Stochastics value for ML.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for ML.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 36.82 | POSITIVE | The high ADX value value for ML.PA suggests a strong trend. |
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 |
|---|---|---|---|
| 34.50 | 32.98 | 1.52 (4.41%) | 22.70% |
| An entry @34.50. This is a Buy Stop order right above the resistance zone. | An exit @32.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.52 points, which is 4.41%. | For a 1.00% total portfolio risk, you can invest 22.70% of your capital in this trade. |
- 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.
EPA:ML (2/25/2026, 5:36:15 PM)
34.3
-0.07 (-0.2%)
MICHELIN (CGDE) / ML.PA FAQ
What is the ChartMill technical rating of MICHELIN (CGDE) (ML.PA) stock?
ChartMill assigns a technical rating of 8 / 10 to ML.PA.
What is the current trend direction of MICHELIN (CGDE) (ML.PA) stock?
The current trend direction for MICHELIN (CGDE) (ML.PA) is Bullish.
What is the RSI signal for MICHELIN (CGDE) (ML.PA) stock?
MICHELIN (CGDE) (ML.PA) has an RSI value of 70.2447. This indicates that the stock is currently overbought.
Can you provide the short term momentum for MICHELIN (CGDE)?
The short term momentum for MICHELIN (CGDE) (ML.PA) is positive.
What is the buy/sell signal for MICHELIN (CGDE) (ML.PA) stock?
The buy/sell signal for MICHELIN (CGDE) (ML.PA) is buy as both the short term and long term trends are positive.