MICHELIN (CGDE) (ML.PA) Stock Technical Analysis
EPA:ML - Euronext Paris - Matif - FR001400AJ45 - Common Stock - Currency: EUR
We assign a technical rating of 1 out of 10 to ML. ML scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
74% of all other stocks performed better in the past year than ML.
In the last month ML has a been trading in the 30.80 - 32.72 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
ML has an average volume of 1342790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
ML is an average performer in the Automobile Components industry, it outperforms 42% of 29 stocks in the same industry.
ML is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ML is lagging the market.
Although the technical rating is bad, ML does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 32.18, a Stop Loss order could be placed below this zone.
More info and screens
29.05
35.71
2 important support areas can be observed.
- A support zone ranging from 31.45 to 32.18. 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 29.61. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @33.65 from a trend line in the weekly time frame.
- A resistance zone ranging from 34.60 to 34.61. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 35.35 to 35.36. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for ML.PA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ML.PA is neutral. |
| ChartMill Relative Strength | 26.5 | NEGATIVE | ML.PA has a low relative strength, it was outperformed by 73.5% 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) | 51.92 | NEUTRAL | The RSI value for ML.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ML.PA has a positive trend. |
| Stochastics (14,3) | 86.12 | OVERBOUGHT | The high Stochastics value suggests ML.PA may be overbought. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for ML.PA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.35 | NEGATIVE | The low ADX value for ML.PA suggests a weak or negative 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)
EPA:ML (7/11/2025, 7:00:00 PM)
32.19
-0.41 (-1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-1.26%
1 Week2.29%
2 Weeks1.61%
1 Month-0.03%
3 Month9.71%
6 Month4.04%
12 Month-8.24%
2 Year8.13%
3 Year18.5%
5 Year45.76%
10 Year44.35%
15 Year120.25%
Volatility
ATR(14)0.52
ATR(20)%1.58%
ATR Inc14.33%
Range Today0.64
ADR(20)0.45
ADR(20)%1.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.5
Mansfield-1.03
10 Day High32.72
10 Day Low31.06
20 Day High32.72
20 Day Low30.8
52 Week High37.44
52 Week Low28.47
CS1 End32.18
CR1 Start33.65
Volume & EV
DER(3)-1.65%
DER(5)-3.04%
Volume1.74M
Volume Incr3.78%
Vol(5)1.36M
Vol(50)1.34M