MICHELIN (CGDE) (ML.PA) Stock Technical Analysis
Europe - Euronext Paris - EPA:ML - FR001400AJ45 - Common Stock
Taking everything into account, ML scores 0 out of 10 in our technical rating. ML's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, ML does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 28.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.00, a Stop Loss order could be placed below this zone.
More info and screens
26.81
2 important support areas can be observed.
- A support zone ranging from 27.62 to 28.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @27.08 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 28.17 to 28.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @29.72 from a trend line in the daily time frame.
- Resistance @30.50 from a trend line in the weekly time frame.
- A resistance zone ranging from 31.30 to 31.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.05 from a horizontal line in the daily time frame.
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 ML.PA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ML.PA is neutral. |
| ChartMill Relative Strength | 12.99 | NEGATIVE | ML.PA has a low relative strength, it was outperformed by 87.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ML.PA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ML.PA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ML.PA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.33 | NEUTRAL | The RSI value for ML.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ML.PA has a positive trend. |
| Stochastics (14,3) | 46.03 | NEUTRAL | The Stochastics value for ML.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for ML.PA suggests low volalility. |
| Average Directional Index/ADX (14) | 21.41 | NEUTRAL | The ADX value for ML.PA suggests a possible start of a new trend. |
EPA:ML (12/12/2025, 7:00:00 PM)
28.05
+0.16 (+0.57%)
MICHELIN (CGDE) / ML.PA FAQ
What is the ChartMill technical rating of MICHELIN (CGDE) (ML.PA) stock?
ChartMill assigns a technical rating of 0 / 10 to ML.PA.
What is the trend direction for ML stock?
The current trend direction for MICHELIN (CGDE) (ML.PA) is Bearish.
What is the RSI signal for MICHELIN (CGDE) (ML.PA) stock?
MICHELIN (CGDE) (ML.PA) has an RSI value of 49.3297. This indicates that the stock is currently neutral.
What is the short term momentum for MICHELIN (CGDE) (ML.PA) stock?
The short term momentum for MICHELIN (CGDE) (ML.PA) is neutral.