MICHELIN (CGDE) (ML.PA) Stock Technical Analysis
EPA:ML - Euronext Paris - Matif - FR001400AJ45 - Common Stock - Currency: EUR
Overall ML gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ML is a bad performer.
76% of all other stocks performed better in the past year than ML.
Both the short term and long term trends are positive. This is a very positive sign.
ML has an average volume of 1707640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ML is an average performer in the Automobile Components industry, it outperforms 59% of 28 stocks in the same industry.
ML is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ML is lagging the market slightly.
In the last month ML has a been trading in the 31.55 - 35.30 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.
ML has only a medium technical rating, but it does show 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 35.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.80, a Stop Loss order could be placed below this zone.
More info and screens
29.05
38.03
We found 2 important support areas.
- A support zone ranging from 32.18 to 33.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.34 to 29.49. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 35.23 to 35.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @37.65 from a horizontal line in the weekly 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 | 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 | 24.75 | NEGATIVE | ML.PA has a low relative strength, it was outperformed by 75.25% off all stocks 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) | DOWN | MIXED | The current price of ML.PA is above a declining 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) | 56.61 | NEUTRAL | The RSI value for ML.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ML.PA has a negative trend. |
| Stochastics (14,3) | 42.21 | NEUTRAL | The Stochastics value for ML.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for ML.PA suggests low volalility. |
| Average Directional Index/ADX (14) | 27.91 | POSITIVE | The high ADX value value for ML.PA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 34.04 | 32.94 | 1.10 (3.23%) | 25.00% |
| An entry @34.04. This is a Buy Stop order right above the 10 day moving average. | An exit @32.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.10 points, which is 3.23%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- 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 (5/29/2025, 5:29:53 PM)
34.02
+0.14 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.41%
1 Week0.92%
2 Weeks-1.71%
1 Month7.25%
3 Month-0.82%
6 Month10.18%
12 Month-8.8%
2 Year27.56%
3 Year11.77%
5 Year49.15%
10 Year38.9%
15 Year148.66%
Volatility
ATR(14)0.61
ATR(20)%1.72%
ATR Inc-40.65%
Range Today0.29
ADR(20)0.47
ADR(20)%1.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.75
Mansfield-0.26
10 Day High35.3
10 Day Low32.95
20 Day High35.3
20 Day Low31.55
52 Week High38.52
52 Week Low28.47
CS1 End33.8
CR1 Start35.23
Volume & EV
DER(3)-0.38%
DER(5)-0.71%
Volume426.84K
Volume Incr-30.44%
Vol(5)1.07M
Vol(50)1.71M